Note 7 - Common Stock |
9 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Notes to Financial Statements | |
| Equity [Text Block] |
Note 7. Common Stock
Authorized shares: The Company’s Articles of Incorporation, as amended, have established 15,000,000 authorized shares of capital stock consisting of 13,000,000 shares of common stock, par value $0.01 per share, and 2,000,000 shares of undesignated stock.
On September 9, 2025, the Company announced the approval of a stock repurchase authorization. Under the authorization, the Company may repurchase up to $10,000,000 of its outstanding shares of common stock. This repurchase authorization has no expiration date. As of March 31, 2026, a total of 151,911 shares have been repurchased and retired under this authorization for a total cost of $3,918,000, or an average of $25.79 per share.
Repurchased shares are automatically retired and constitute authorized but unissued shares.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|