Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Subsequent Events

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Note 14 - Subsequent Events
9 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Subsequent Events [Text Block]
(
14
)     Subsequent Events
 
Subsequent to
March 31, 2018,
the Company resumed repurchasing shares in the open market under the Company’s existing share repurchase program (the “Share Repurchase Program”), and by
April 24, 2018
approximately
500,000
additional shares have been repurchased. On
April 24, 2018,
the Company’s Board of Directors authorized an increase in the amount available for share repurchases under the Company’s Share Repurchase Program by approximately
2,000,000
shares. After giving effect to the increase in the authorized repurchase amount, as of
April 24, 2018,
approximately
3,000,000
shares
may
yet be purchased by the Company under the Share Repurchase Program. The timing, number and amount of any shares repurchased will be determined by the Company’s officers at their discretion, and as permitted by securities laws, covenants under existing bank agreements and other legal requirements, and will be based on a number of factors, including an evaluation of general market and economic conditions and the trading price of the common stock. The Share Repurchase Program
may
be suspended or discontinued at any time without prior notice.