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EARNINGS PER SHARE (Tables)
12 Months Ended
Jun. 30, 2017
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, 
  
2017
  
2016
  
2015
 
       
Net income (loss), as reported
 
$
(1,293
)
 
$
13
  
$
1,160
 
             
Weighted average common shares outstanding
  
15,949
   
15,448
   
15,327
 
Effect of dilutive stock options
  
-
   
390
   
237
 
Weighted average diluted common shares outstanding
  
15,949
   
15,838
   
15,564
 
             
Net income (loss) per common share
            
Basic
 
$
(0.08
)
 
$
0.00
  
$
0.08
 
Diluted
 
$
(0.08
)
 
$
0.00
  
$
0.07
 
            
Employee stock options excluded from computation of diluted income per share amounts because their effect would be anti-dilutive
  
304
   
137
   
210