Note 14 - Subsequent Events
|9 Months Ended|
Mar. 31, 2018
|Notes to Financial Statements|
|Subsequent Events [Text Block]||
14) Subsequent Events
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, 2018approximately
500,000additional 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
2,000,000shares. After giving effect to the increase in the authorized repurchase amount, as of
April 24, 2018,approximately
mayyet 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
maybe suspended or discontinued at any time without prior notice.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef