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NET INCOME PER SHARE (Tables)
 12 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of weighted average shares outstanding calculation of basic and diluted per share

The summary of the basic and diluted earnings per share calculations for the years ended June 30, 2019 and 2018 is as follows (in thousands, except per share data):


 

 

Years Ended June 30,

 

 

 

2019

 

 

2018

 

Basic:

 

 

 

 

 

 

 

 

Net income

 

$

4,148

 

 

$

1,621

 

Weighted average shares outstanding

 

 

4,192

 

 

 

4,305

 

Basic earnings per share

 

$

0.99

 

 

$

0.38

 

Diluted:

 

 

 

 

 

 

 

 

Net income

 

$

4,148

 

 

$

1,621

 

Weighted average shares outstanding

 

 

4,192

 

 

 

4,305

 

Effect of dilutive securities – stock options & performance awards

 

 

106

 

 

 

40

 

Weighted average shares used in calculation of diluted earnings per share

 

 

4,298

 

 

 

4,345

 

Diluted earnings per share

 

$

0.97

 

 

$

0.37