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EARNINGS PER SHARE (Tables)
 12 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings per share
The following information is necessary to calculate earnings per share for the periods presented (in thousands, except per share amounts):
 
Year ended June 30,
 
2018
 
2017
 
2016
 
 
 
 
 
 
Net income (loss), as reported
$
(672
)
 
$
(1,293
)
 
$
13

 
 
 
 
 
 
Weighted average common shares outstanding
16,055

 
15,949

 
15,448

Effect of dilutive stock options
—

 
—

 
390

Weighted average diluted common shares outstanding
16,055

 
15,949

 
15,838

 
 
 
 
 
 
Net income (loss) per common share
 

 
 

 
 

Basic and diluted
$
(0.04
)
 
$
(0.08
)
 
$
0.00

 
 
 
 
 
 
Employee stock options excluded from computation of diluted income per share amounts because their effect would be anti-dilutive
402

 
304

 
137