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EARNINGS PER SHARE (Tables)
 12 Months Ended
Jun. 30, 2014
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 amount):

 
 
Year Ended June 30,		 
 
 
2014
  
2013
  
2012
 
 
 
  
 
Net income (loss), as reported
 
$
956
  
$
(2,712
)
 
$
(3,621
)
 
            
Weighted average common shares outstanding
  
15,289
   
15,255
   
15,109
 
Effect of dilutive stock options
  
112
   
-
   
-
 
Weighted average diluted common shares outstanding
  
15,401
   
15,255
   
15,109
 
 
            
Net income (loss) per common share
            
Basic
 
$
0.06
  
$
(0.18
)
 
$
(0.24
)
Diluted
 
$
0.06
  
$
(0.18
)
 
$
(0.24
)
 
            
Employee stock options excluded from computation of diluted income per share amounts because their effect would be anti-dilutive
  
655
   
728
   
831