EARNINGS PER SHARE (Tables)

12 Months Ended

Jun. 30, 2012

The following information is necessary to calculate earnings per share for the periods presented (in thousands, except per share amount):

				Year Ended June 30,
	2012			2011			2010


Net income (loss), as reported	$	(3,621	)	$	(2,975	)	$	9,356

Weighted average common shares outstanding		15,109			14,944			14,176
Effect of dilutive stock options		-			-			776
Weighted average diluted common shares outstanding		15,109			14,944			14,952

Net income (loss) per common share
Basic	$	(0.24	)	$	(0.20	)	$	0.66
Diluted	$	(0.24	)	$	(0.20	)	$	0.63

Employee stock options excluded from computation of diluted
income per share amounts because their effect would
be anti-dilutive		831			550			241