EQUITY TRANSACTIONS (Tables)

9 Months Ended

Mar. 31, 2017

EQUITY TRANSACTIONS [Abstract]

Stock options exercised to purchase common stock

During the three and nine months ended March 31, 2017 and 2016, stock options to purchase shares of the Company’s common stock were exercised as follows:

	Three-Months Ended March 31,				Nine-Months Ended March 31,
	2017		2016		2017		2016
Options Exercised		19,300		-		95,050		112,425
Proceeds (in thousands)	$	84	$	-	$	342	$	313
Average exercise price per share	$	4.34	$	-	$	3.60	$	2.77

Schedule of share repurchases

During the three and nine months ended March 31, 2017 and 2016, shares were repurchased as follows:

	Three-Months Ended March 31,				Nine-Months Ended March 31,
	2017		2016		2017		2016
Shares repurchased		-		36,343		-		104,365
Cash paid for shares repurchased (in thousands)	$	-	$	205	$	-	$	745
Average price paid per share	$	-	$	5.64	$	-	$	7.14