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EARNINGS PER SHARE (Tables)
 12 Months Ended
Jun. 30, 2016
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,
 
  
2016
  
2015
  
2014
 
       
Net income, as reported
 
$
13
  
$
1,160
  
$
956
 
             
Weighted average common shares outstanding
  
15,448
   
15,327
   
15,289
 
Effect of dilutive stock options
  
390
   
237
   
112
 
Weighted average diluted common shares outstanding
  
15,838
   
15,564
   
15,401
 
             
Net income per common share
            
Basic
 
$
0.00
  
$
0.08
  
$
0.06
 
Diluted
 
$
0.00
  
$
0.07
  
$
0.06
 
             
Employee stock options excluded from computation of diluted income per share amounts because their effect would be anti-dilutive
  
137
   
210
   
655