Point.360 10-Q 11 Feb 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Dec. 31, 2015shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	Point.360
Entity Central Index Key	1,398,797
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Trading Symbol	PTSX
Entity Common Stock, Shares Outstanding	12,589,506

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 742	$ 22
Accounts receivable, net of allowances for doubtful accounts of $249 and $278, respectively	6,326	3,067
Inventories, net	215	135
Prepaid expenses and other current assets	619	315
Total current assets	7,902	3,539
Property and equipment, net	14,213	9,226
Deferred income tax asset	305	0
Other assets, net	1,253	615
Total assets	23,673	13,380
Current liabilities:
Current portion of notes payable	5,650	5,062
Current portion of capital lease obligations	86	55
Accounts payable	1,132	714
Accrued wages and benefits	2,330	972
Other accrued expenses	143	26
Current portion of deferred gain on sale of real estate	178	178
Current portion of deferred lease incentive	209	209
Deferred income taxes payable	305	0
Total current liabilities	10,033	7,216
Capital lease obligations, less current portion	59	88
Deferred gain on sale of real estate, less current portion	758	846
Deferred lease incentive, less current portion	887	992
Notes payable, less current portion	2,852	0
Total long-term liabilities	4,556	1,926
Total liabilities	$ 14,589	$ 9,142
Commitments and contingencies (Note 5)
Shareholders' equity:
Preferred stock - no par value; 5,000,000 shares authorized; none issued and outstanding	$ 0	$ 0
Common stock - no par value; 50,000,000 shares authorized; 10,536,906 and 12,589,506 shares issued and outstanding on June 30, 2015 and December 31, 2015, respectively	22,904	21,715
Additional paid-in capital	11,761	11,175
Accumulated deficit	(25,581)	(28,652)
Total shareholders’ equity	9,084	4,238
Total liabilities and shareholders’ equity	$ 23,673	$ 13,380

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Accounts receivable, allowances for doubtful accounts	$ 278	$ 249
Preferred stock, no par value	$ 0	$ 0
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred stock, outstanding	0	0
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,589,506	10,536,906
Common stock, shares outstanding	12,589,506	10,536,906

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Revenues	$ 9,693,000	$ 5,354,000	$ 20,454,000	$ 10,485,000
Cost of services sold	(7,737,000)	(3,805,000)	(15,357,000)	(7,577,000)
Gross profit	1,956,000	1,549,000	5,097,000	2,908,000
Selling, general and administrative expense	(4,490,000)	(2,670,000)	(9,106,000)	(5,267,000)
Operating loss	(2,534,000)	(1,121,000)	(4,009,000)	(2,359,000)
Interest expense	(104,000)	(45,000)	(214,000)	(90,000)
Gain on bargain asset purchase			4,099,000
Other income	326,000	81,000	487,000	160,000
Income (loss) before income taxes	(2,312,000)	(1,085,000)	363,000	(2,289,000)
Income tax expense current	(2,000)	0	(5,000)	0
Income tax benefit deferred	0	0	2,714,000	0
Net income (loss)	$ (2,314,000)	$ (1,085,000)	$ 3,072,000	$ (2,289,000)
Net income (loss)	$ (0.18)	$ (0.1)	$ 0.25	$ (0.22)
Weighted average number of shares (Basic)	12,559,424	10,536,906	12,450,339	10,536,906
Net income (loss)	$ (0.18)	$ (0.1)	$ 0.23	$ (0.22)
Weighted average number of shares including the dilutive effect of stock options (Diluted)	12,559,424	10,536,906	13,154,282	10,536,906

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ 3,072,000	$ (2,289,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain on bargain asset purchase	(4,099,000)	0
Income tax benefit - deferred	(2,714,000)	0
Depreciation and amortization	1,033,000	656,000
Amortization of deferred gain on real estate	(88,000)	(88,000)
Amortization of deferred lease credit	(105,000)	(105,000)
Provision for doubtful accounts	(160,000)	10,000
Stock compensation expense	160,000	139,000
Issuance of common stock	34,000	0
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(26,000)	585,000
Decrease in inventories	20,000	81,000
(Increase) in prepaid expenses and other current assets	(304,000)	(370,000)
(Increase) decrease in other assets	(202,000)	11,000
(Increase) in deferred tax asset	(305,000)	0
Increase in accounts payable	418,000	114,000
Increase (decrease) in accrued wages and benefits	587,000	(15,000)
Increase in other accrued expenses	118,000	9,000
Increase in other liabilities	0	9,000
Increase in deferred taxes payable	305,000	0
Net cash used in operating activities	(2,256,000)	(1,253,000)
Cash flows from investing activities:
Capital expenditures	(585,000)	(123,000)
Net cash used in investing activities	(585,000)	(123,000)
Cash flows from financing activities:
Borrowings from revolving credit agreement	699,000	0
Borrowings of notes payable	3,000,000	0
Repayment of notes payable	(111,000)	(111,000)
Payment of capital lease obligations	(27,000)	(94,000)
Net cash provided by (used in) financing activities	3,561,000	(205,000)
Net increase (decrease) in cash and cash equivalents	720,000	(1,581,000)
Cash and cash equivalents at beginning of period	22,000	2,346,000
Cash and cash equivalents at end of period	742,000	765,000
Cash payments for income taxes (net of refunds)	5,000	0
Cash payments for interest	208,000	91,000
Assets acquired under capital lease	29,000	170,000
Purchase of assets for common stock and warrants	1,417,000	0
Non-cash deferred interest expense	$ 165,000	$ 0

THE COMPANY

THE COMPANY	6 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
THE COMPANY	Note 1 – THE COMPANY Point.360 and subsidiaries (the “Company,” “we” or “our”) provides high definition and standard definition digital mastering, data conversion, video and film asset management, distribution and other services to owners, producers and distributors of entertainment and advertising content. The Company provides the services necessary to edit, master, reformat, convert, archive and ultimately distribute its clients’ film and video content, including television programming feature films and movie trailers. The Company’s interconnected facilities provide service coverage to all major U.S. media centers. Clients include major motion picture studios and independent producers. The Company also rents and sells DVDs directly to consumers through its Movie>Q retail stores. In July 2015, the Company completed the purchase of assets formerly owned by Modern VideoFilm, Inc. by issuing shares of its common stock and warrants to purchase shares of the Company’s common stock. As the result of the transaction, the Company added post-production service capabilities and expanded its client base comprising major studios, broadcast networks, cable outlets, streaming media companies, independent producers and others. The Company operates in two business segments from three post production and three Movie>Q locations. Each post production location is electronically tied to the others and serves the same customer base. Depending on the location size, the production equipment consists of tape duplication, editing, encoding, standards conversion, and other machinery. Each location employs personnel with the skills required to efficiently run the equipment and handle customer requirements. While all locations are not exactly the same, an order received at one location may be fulfilled at one or more “sister” facilities to use resources in the most efficient manner. Typically, a feature film or television show or related material will be submitted to a facility by a motion picture studio, independent producer, advertising agency, or corporation for processing and distribution. A common sales force markets the Company’s capabilities for all facilities. Once an order is received, the local customer service representative determines the most cost-effective way to perform the services considering geographical logistics and facility capabilities. In fiscal 2010, the Company purchased assets and intellectual property for a research and development project to address the viability of the DVD rental business being abandoned by the closure of Movie Gallery/Hollywood Video and Blockbuster stores. The DVD rental market consists principally of online services (Netflix), vending machines (Redbox) and other video stores. As of December 31, 2015, the Company had opened three Movie>Q stores in Southern California. The stores employ an automated inventory management (“AIM”) system in a 1,200 1,600 10,000 The accompanying unaudited Condensed Consolidated Financial Statements include the accounts and transactions of the Company, including those of the Company’s subsidiaries. The statements have been prepared in accordance with accounting principles generally accepted in the United States of America and by the Securities and Exchange Commission’s rules and regulations for reporting interim financial statements and footnotes. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. All intercompany balances and transactions have been eliminated in the Condensed Consolidated Financial Statements. Operating results for the three and six month periods ended December 31, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2016. These financial statements should be read in conjunction with the financial statements and related notes contained in the Company’s Form 10-K for the period ended June 30, 2015. Pro Forma Earnings (Loss) Per Share Three Months Three Months Six Months Six Months 2014 2015 2014 2015 Pro forma weighted average of number of shares Weighted average number of common shares outstanding used in computation of basic EPS 10,537 12,559 10,537 12,450 Dilutive effect of outstanding stock options - - - 704 Weighted average number of common and potential Common shares outstanding used in computation of Diluted EPS 10,537 12,559 10,537 13,154 Effect of dilutive options excluded in the computation of diluted EPS due to net loss 7 998 2 - The weighted average number of common shares outstanding were the same amount for both basic and diluted loss per share in the three month periods ended December 31, 2014 and 2015 and the six-month period ended December 31, 2014. The effect of potentially dilutive securities for those periods was excluded from the computation of diluted earnings per share because the Company reported a net loss, and the effect of inclusion would be anti-dilutive (i.e., including such securities would result in a higher earnings per share, or lower loss per share, respectively). There were 1,204,360 1,393,016 Fair Value Measurements The Company follows a framework for consistently measuring fair value under generally accepted accounting principles, and the disclosures of fair value measurements. The framework provides a fair value hierarchy to classify the source of the information. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value and include the following: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Cash, the only Level 1 input applicable to the Company (there are no Level 2 or 3 inputs), is stated on the Condensed Consolidated Balance Sheets at fair value. As of December 31, 2015 the carrying value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities approximates fair value due to the short-term nature of such instruments. The carrying value of capital lease obligations, notes payable and other long-term liabilities approximates fair value as the related interest rates approximate rates currently available to the Company.

ACQUISITION OF ASSETS OF MODERN

ACQUISITION OF ASSETS OF MODERN VIDEOFILM, INC.	6 Months Ended
	Dec. 31, 2015
Acquistion Of Asset [Abstract]
ACQUISITION OF ASSETS OF MODERN VIDEOFILM, INC	NOTE 2 - ACQUISITION OF ASSETS OF MODERN VIDEOFILM, INC. On July 8, 2015, Point.360 entered into a Sale Agreement Pursuant to Article 9 of the Uniform Commercial Code (the “Sale Agreement”) in a foreclosure sale pursuant to which Point.360 acquired certain assets of Modern VideoFilm, Inc. (“MVF”) including, but not limited to, MVF's equipment, inventory, and accounts receivable, in a private sale conducted under applicable provisions of the New York Uniform Commercial Code, and assumed no debts, obligations or liabilities except for agreeing to pay a portion of the rent for each facility of MVF to its landlord on a per diem basis based on the number of days post-closing, if any, that we occupy such facility to complete the relocation of certain acquired assets, and paid time off owed to former MVF employees employed by the Company in connection with the closing to the extent (i) accrued and unused as of the closing, and (ii) such employees have not requested such paid time off to be paid by MVF. As consideration for the assets described in the preceding paragraph, we issued 2,000,000 800,000 0.75 500,000 In connection with the Acquisition, on July 8, 2015, the Company entered into a Term Loan Agreement (the “Loan Agreement”) with the Lenders. The Loan Agreement is comprised of a five-year term loan facility in the amount of $ 6.0 1.0 amount not to exceed the remaining $5.0 million 1,417,000 The condensed consolidated balance sheet reflects the allocation by Point.360 management of the MVF purchase price to identifiable tangible and intangible assets and liabilities acquired, and a credit to retained earnings for $ 6.8 Current assets $ 3,173,000 Property and equipment 5,359,000 Other assets 118,000 Acquired intangibles: Trade name 150,000 Customer relationships 200,000 Total fair value of assets acquired 9,000,000 Total liabilities assumed (770,000) Net assets acquired 8,230,000 Common stock consideration (1,417,000) Gain before deferred income tax benefit 6,813,000 Income tax benefit – deferred (2,714,000) Gain on bargain asset purchase $ 4,099,000 ASC 805 requires that when fair value of the net assets acquired exceeds the purchase price, resulting in a bargain purchase of assets, the acquirer must reassess the reasonableness of the values assigned to all of the net assets acquired, liabilities assumed and consideration transferred. The Company performed such assessment and concluded that the values assigned for the acquisition were reasonable. The gain on bargain purchase was primarily attributable to the fact that this was a foreclosure sale.

NOTES PAYABLE AND CAPITAL LEASE

NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS	6 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS	NOTE 3 - NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS In August and September of 2012 (subsequently modified on December 18, 2013, September 5, 2014, and January 27, 2015), the Company entered into revolving credit, equipment financing and two mortgage agreements with a bank, as follows: Revolving Credit Facility . The revolving credit facility previously provided up to $ 2 Equipment Financing Facility . The equipment financing facility previously provided up to $ 1.25 0.2 Hollywood Way and Vine Street Mortgages . The Company entered into two real estate term loan agreements with respect to its Hollywood Way and Vine Street locations for $ 5.5 3.1 The remaining Hollywood Way loan provides for interest at Libor plus 3% (3.54% as of December 31, 2015). Repayment is based on monthly payments with a 25-year amortization, with all principal due in 10 years. 4.8 Amounts due under the mortgage are secured by the related real estate. Until January 27, 2015, while amounts were outstanding under the credit arrangements described above, the Company was subject to minimum tangible net worth (TNW), EBITDA, and fixed charge ratio financial covenants. See below for changes in the covenant requirements occurring on that date. As of September 30, 2014 the Company did not meet the TNW, the minimum quarterly EBITDA, and the minimum quarterly and TTM fixed charge ratio covenants. Availability under the revolving credit facility was canceled in December 2014. On January 27, 2015, the bank waived the Company’s breach of financial covenants as of September 30, 2014. Concurrently, the bank eliminated the previously mentioned financial covenant requirements effective with the quarter ended December 31, 2014 and imposed a new covenant requiring that, effective June 30, 2015, the Company shall maintain a ratio of EBITDA (as defined) to the sum of interest expense and the current portion of long term debt of not less than 1.0 to 1, to be measured semi-annually. Interest expense was measured on June 30, 2015 on a calendar year to date basis. Commencing on December 31, 2015 and thereafter, EBITDA and interest expense will be measured at the end of each calendar half-year on the basis of the preceding twelve months. On December 31, 2015, the Company met the new fixed charge ratio covenant with an EBITDA to interest and current portion of long term debt ratio of 3.3 to 1. In February 2015, the company entered into a two-year credit agreement which provides $ 2 80 The loan and security agreement as amended provides for interest at prime rate plus 1.0% (4.50% as of December 31, 2015). 0.45 5.4 5,000 0.8 Due to the Company’s failure to meet financial covenants in the past, and uncertainty of the Company’s ability to meet the new mortgage covenant requirements, the balance owed for the mortgage debt has been classified as a current liability in the condensed consolidated balance sheet as of December 31, 2015. In connection with the purchase of the assets of Modern VideoFilm, Inc. on July 8, 2015, the Company entered into a Term Loan Agreement (the “Loan Agreement”) with the Lenders. The Loan Agreement is comprised of a five-year term loan facility in the amount of $ 6,000,000 1,000,000 3,000,000 3,000,000 We must pay monthly interest in arrears on the unpaid principal balance of the Term Loans at a rate per annum equal to three-month LIBOR plus 6.00% (6.54% as of December 31, 2015). 2016 $ 5,736,000 2017 59,000 2018 - 2019 - 2020 3,000,000 Thereafter - Total: $ 8,795,000

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4- PROPERTY AND EQUIPMENT In March 2006, the Company entered into a sale and leaseback transaction with respect to its Media Center real estate. The real estate was sold for approximately $ 14.0 1.3 15 250,000 The lease is treated as an operating lease for financial reporting purposes. After the initial lease term, the Company has four five-year options to extend the lease. Minimum annual rent payments for the initial five years of the lease were $ 1,111,000 In June 2011, the Company entered into a lease amendment with respect to the Company’s Media Center facility. The amendment provided that the landlord would reimburse the Company up to $2 million for the leasehold improvements to be made by the Company to the premises. The leasehold improvements would be recorded as a fixed asset and amortized over the remaining term of the lease (until March 2021). Pursuant to the lease amendment, the Company’s monthly lease costs increased by approximately $ 27,000 2.1 2.0 Land $ 2,405,000 Buildings 6,078,000 Machinery and equipment 43,418,000 Leasehold improvements 8,873,000 Computer equipment 8,318,000 Equipment under capital lease 1,102,000 Office equipment, vehicles, CIP 924,000 Subtotal 71,118,000 Less accumulated depreciation and amortization (56,905,000) Property and equipment, net $ 14,213,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 5- COMMITMENTS AND CONTINGENCIES From time to time, the Company may become a party to legal actions and complaints arising in the ordinary course of business, although it is not currently involved in any such legal proceedings.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 6- INCOME TAXES The Company reviewed its Accounting Standards Codification (“ASC”) 740-10 documentation for the periods through December 31, 2015 to ascertain if any changes should be made with respect to tax positions previously taken. In addition, the Company reviewed its income tax reporting through December 31, 2015. Based on Company’s review of its tax positions as of December 31, 2015, no new uncertain tax positions have been identified; nor has new information become available that would change management’s judgment with respect to tax positions previously taken. During the six months ended December 31, 2015, the Company recorded a deferred tax benefit in the amount of $ 2.7 40 6.8 2.7 As of December 31, 2015, the Company had no net deferred tax assets because future realizability of such benefit was not considered to be more likely than not. The ASC prescribes a recognition and measurement of a tax position taken or expected to be taken in a tax return and provides guidance on derecognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure, and transition. The Company files income tax returns in the U.S. federal jurisdiction, and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal state or local income tax examinations by tax authorities for years before 2008.

STOCK OPTION PLAN, STOCK-BASED

STOCK OPTION PLAN, STOCK-BASED COMPENSATION	6 Months Ended
	Dec. 31, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
STOCK OPTION PLAN, STOCK-BASED COMPENSATION	NOTE 7- STOCK OPTION PLAN, STOCK-BASED COMPENSATION In May 2007, the Board of Directors approved the 2007 Equity Incentive Plan (the “2007 Plan”). The 2007 Plan provides for the award of options to purchase up to 2,000,000 In November 2010, the shareholders approved the 2010 Incentive Plan (the “2010 Plan”). The 2010 Plan provides for the award of options to purchase up to 4,000,000 Under the 2007 and 2010 Plans, the stock option price per share for options granted is determined by the Board of Directors and is based on the market price of the Company’s common stock on the date of grant, and each option is exercisable within the period and in the increments as determined by the Board, except that no option can be exercised later than ten years from the grant date. The stock options generally vest in one to five years. The Company measures and recognizes compensation expense for all share-based payment awards made to employees and directors based on estimated fair values. We also estimate the fair value of the award that is ultimately expected to vest to be recognized as expense over the requisite service periods in the Condensed Consolidated Statements of Operations. We estimate the fair value of share-based payment awards to employees and directors on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods in the Company’s Condensed Consolidated Statements of Operations. Stock-based compensation expense recognized in the Condensed Consolidated Statements of Operations for the three and six month periods ended December 31, 2015 included compensation expense for the share-based payment awards based on the grant date fair value. For stock-based awards issued to employees and directors, stock-based compensation is attributed to expense using the straight-line single option method. As stock-based compensation expense recognized in the Condensed Consolidated Statements of Operations for the periods reported in this Form 10-Q is based on awards expected to vest, forfeitures are also estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. For the period being reported in this Form 10-Q, expected forfeitures are immaterial. The Company will re-assess the impact of forfeitures if actual forfeitures increase in future quarters. Three months ended December 31, 2014 $ 71,000 Three months ended December 31, 2015 $ 94,000 Six months ended December 31, 2014 $ 139,000 Six months ended December 31, 2015 $ 160,000 The Company’s determination of fair value of share-based payment awards to employees and directors on the date of grant uses the Black-Scholes model, which is affected by the Company’s stock price as well as assumptions regarding a number of complex and subjective variables. These variables include, but are not limited to, the expected stock price volatility over the expected term of the awards, and actual and projected employee stock options exercise behaviors. The Company estimates expected volatility using historical data. The expected term is estimated using the “safe harbor” provisions provided by the SEC. 2007 Plan 2010 Plan Options Average Exercise Options Average Exercise Granted Price per Share Granted Price per Share Three months ended December 31, 2014 30,000 $ 0.23 - - Three months ended December 31, 2015 30,000 $ 1.04 - - Six months ended December 31, 2014 35,000 $ 0.28 - - Six months ended December 31, 2015 95,000 $ 1.01 - - 2007 Plan 2010 Plan Total Options originally available 2,000,000 4,000,000 6,000,000 Stock options outstanding 1,677,535 1,261,275 2,938,810 Options available for grant 267,700 2,705,150 2,972,850 Number Weighted Average Weighted Average Balance at June 30, 2015 2,935,060 $ 0.70 $ 0.49 Granted 65,000 $ 1.00 $ 0.89 Exercised - $ - $ - Cancelled (15,150) $ 1.27 $ 0.66 Balance at September 30, 2015 2,984,910 $ 0.70 $ 0.50 Granted 30,000 $ 1.04 $ 0.93 Exercised (52,600) $ 0.65 $ 0.43 Cancelled (23,500) $ 1.12 $ 0.64 Balance at December 31, 2015 2,938,810 $ 0.71 $ 0.50

STOCK RIGHTS PROGRAM

STOCK RIGHTS PROGRAM	6 Months Ended
	Dec. 31, 2015
Stock Rights Program [Abstract]
STOCK RIGHTS PROGRAM	NOTE 8- STOCK RIGHTS PROGRAM In July 2007, the Company implemented a stock rights program. Pursuant to the program, stockholders of record on August 7, 2007, received a dividend of one right to purchase for $ 10 20 August 6, 2017 0.0001 After a triggering event, the rights will detach from the Common Stock. If the Company is then merged into, or is acquired by, another corporation, the Company has the opportunity to either (i) redeem the rights or (ii) permit the rights holder to receive in the merger stock of the Company or the acquiring company equal to two times the exercise price of the right (i.e., $ 20 No triggering events occurred in the six months ended December 31, 2015.

SHAREHOLDER'S EQUITY

SHAREHOLDER'S EQUITY	6 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
SHAREHOLDER'S EQUITY	NOTE 9- SHAREHOLDER’S EQUITY Common Paid-in Accumulated Shareholders’ Balance, June 30, 2015 $ 21,715 $ 11,176 $ (28,653) $ 4,238 Share and warrant issuance for assets 1,155 262 - 1,417 Share and warrant issuance for Term Loan - 165 - 165 Stock-based compensation expense - 64 - 64 Net Income - - 5,386 5,386 Balance, September 30, 2015 $ 22,870 $ 11,667 $ (23,267) $ 11,270 Stock option exercises 34 - - 34 Stock-based compensation expense - 94 - 94 Net loss - - (2,314) (2,314) Balance, December 31, 2015 $ 22,904 $ 11,761 $ (25,581) $ 9,084

STOCK REPURCHASE PLAN

STOCK REPURCHASE PLAN	6 Months Ended
	Dec. 31, 2015
Stock Repurchase Plan [Abstract]
STOCK REPURCHASE PLAN	NOTE 10- STOCK REPURCHASE PLAN In February 2008, the Company’s Board of Directors authorized a stock repurchase program. Under the stock repurchase program, the Company may purchase outstanding shares of its common stock on the open market at such times and prices determined in the sole discretion of management. No shares were acquired pursuant to the repurchase program during the six months ended December 31, 2015.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 11- SEGMENT INFORMATION: In its operation of the business, management reviews certain financial information, including segmented internal profit and loss statements prepared on a basis consistent with U.S. generally accepted accounting principles. Our two segments are Point.360 and Movie>Q. The two segments discussed in this analysis are presented in the way we internally managed and monitored performance for the three and six month periods ended December 31, 2014 and 2015. Allocations for internal resources were made for the periods. The Movie>Q segment tracks certain assets separately, and all others are recorded in the Point.360 segment for internal reporting presentations. Cash was not segregated between the two segments but retained in the Point.360 segment. The types of services provided by each segment are summarized below: Point.360 – Movie>Q – 1,200 1,600 10,000 Revenue Three Months Six Months 2014 2015 2014 2015 Point.360 $ 5,254 $ 9,625 $ 10,292 $ 20,325 Movie>Q 100 68 193 129 Consolidated revenue $ 5,354 $ 9,693 $ 10,485 $ 20,454 Operating loss Three Months Six Months 2014 2015 2014 2015 Point.360 $ (1,043) $ (2,386) $ (2,176) $ (3,727) Movie>Q (78) (148) (183) (282) Operating loss $ (1,121) $ (2,534) $ (2,359) $ (4,009) Total Assets June 30, December 31, 2015 2015 Point.360 $ 12,601 $ 23,001 Movie>Q 779 672 Consolidated assets $ 13,380 $ 23,673

THE COMPANY (Tables)

THE COMPANY (Tables)	6 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Reconciliation of Denominator of Basic Earnings Per Share Computation to Denominator of Diluted Earnings Per Share Computation	A reconciliation of the denominator of the basic earnings per share (“EPS”) computation to the denominator of the diluted EPS computation is as follows (in thousands): Three Months Three Months Six Months Six Months 2014 2015 2014 2015 Pro forma weighted average of number of shares Weighted average number of common shares outstanding used in computation of basic EPS 10,537 12,559 10,537 12,450 Dilutive effect of outstanding stock options - - - 704 Weighted average number of common and potential Common shares outstanding used in computation of Diluted EPS 10,537 12,559 10,537 13,154 Effect of dilutive options excluded in the computation of diluted EPS due to net loss 7 998 2 -

ACQUISITION OF ASSETS OF MODE18

ACQUISITION OF ASSETS OF MODERN VIDEOFILM, INC (Tables)	6 Months Ended
	Dec. 31, 2015
Acquistion Of Asset [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Under the acquisition method of accounting, the total estimated purchase price was allocated to MVF’s tangible and intangible assets and liabilities based on their estimated fair values at the date of the purchase date. The following table summarizes the allocation of the purchase price for MVF: Current assets $ 3,173,000 Property and equipment 5,359,000 Other assets 118,000 Acquired intangibles: Trade name 150,000 Customer relationships 200,000 Total fair value of assets acquired 9,000,000 Total liabilities assumed (770,000) Net assets acquired 8,230,000 Common stock consideration (1,417,000) Gain before deferred income tax benefit 6,813,000 Income tax benefit – deferred (2,714,000) Gain on bargain asset purchase $ 4,099,000

NOTES PAYABLE AND CAPITAL LEA19

NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS (Tables)	6 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS	Annual maturities for debt under term note and capital lease obligations as of December 31, 2015 are as follows: 2016 $ 5,736,000 2017 59,000 2018 - 2019 - 2020 3,000,000 Thereafter - Total: $ 8,795,000

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consist of the following as of December 31, 2015: Land $ 2,405,000 Buildings 6,078,000 Machinery and equipment 43,418,000 Leasehold improvements 8,873,000 Computer equipment 8,318,000 Equipment under capital lease 1,102,000 Office equipment, vehicles, CIP 924,000 Subtotal 71,118,000 Less accumulated depreciation and amortization (56,905,000) Property and equipment, net $ 14,213,000

STOCK OPTION PLAN, STOCK-BASE21

STOCK OPTION PLAN, STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Dec. 31, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Stock-based Compensation Expense Related To Employee or Director Stock Options	Stock-based compensation expense related to employee or director stock options recognized for the three and six month periods ended December 31, 2014 and 2015 was as follows: Three months ended December 31, 2014 $ 71,000 Three months ended December 31, 2015 $ 94,000 Six months ended December 31, 2014 $ 139,000 Six months ended December 31, 2015 $ 160,000
Company Granted Awards Of Stock Options	During each of the three and six month periods ended December 31, 2014 and 2015, the Company granted awards of stock options as follows: 2007 Plan 2010 Plan Options Average Exercise Options Average Exercise Granted Price per Share Granted Price per Share Three months ended December 31, 2014 30,000 $ 0.23 - - Three months ended December 31, 2015 30,000 $ 1.04 - - Six months ended December 31, 2014 35,000 $ 0.28 - - Six months ended December 31, 2015 95,000 $ 1.01 - -
Summary of Status of Stock Plans	The following table summarizes the status of the 2007 and 2010 Plans as of December 31, 2015: 2007 Plan 2010 Plan Total Options originally available 2,000,000 4,000,000 6,000,000 Stock options outstanding 1,677,535 1,261,275 2,938,810 Options available for grant 267,700 2,705,150 2,972,850
Summary of Stock Options Transactions	Transactions involving stock options are summarized as follows: Number Weighted Average Weighted Average Balance at June 30, 2015 2,935,060 $ 0.70 $ 0.49 Granted 65,000 $ 1.00 $ 0.89 Exercised - $ - $ - Cancelled (15,150) $ 1.27 $ 0.66 Balance at September 30, 2015 2,984,910 $ 0.70 $ 0.50 Granted 30,000 $ 1.04 $ 0.93 Exercised (52,600) $ 0.65 $ 0.43 Cancelled (23,500) $ 1.12 $ 0.64 Balance at December 31, 2015 2,938,810 $ 0.71 $ 0.50

SHAREHOLDER'S EQUITY (Tables)

SHAREHOLDER'S EQUITY (Tables)	6 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Components of shareholders' equity	The following table analyzes the components of shareholders’ equity from June 30, 2015 to December 31, 2015 (in thousands): Common Paid-in Accumulated Shareholders’ Balance, June 30, 2015 $ 21,715 $ 11,176 $ (28,653) $ 4,238 Share and warrant issuance for assets 1,155 262 - 1,417 Share and warrant issuance for Term Loan - 165 - 165 Stock-based compensation expense - 64 - 64 Net Income - - 5,386 5,386 Balance, September 30, 2015 $ 22,870 $ 11,667 $ (23,267) $ 11,270 Stock option exercises 34 - - 34 Stock-based compensation expense - 94 - 94 Net loss - - (2,314) (2,314) Balance, December 31, 2015 $ 22,904 $ 11,761 $ (25,581) $ 9,084

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Revenues, Operating Loss and Total Assets	Segment revenues, operating loss and total assets were as follows (in thousands): Revenue Three Months Six Months 2014 2015 2014 2015 Point.360 $ 5,254 $ 9,625 $ 10,292 $ 20,325 Movie>Q 100 68 193 129 Consolidated revenue $ 5,354 $ 9,693 $ 10,485 $ 20,454 Operating loss Three Months Six Months 2014 2015 2014 2015 Point.360 $ (1,043) $ (2,386) $ (2,176) $ (3,727) Movie>Q (78) (148) (183) (282) Operating loss $ (1,121) $ (2,534) $ (2,359) $ (4,009) Total Assets June 30, December 31, 2015 2015 Point.360 $ 12,601 $ 23,001 Movie>Q 779 672 Consolidated assets $ 13,380 $ 23,673

THE COMPANY - Additional Inform

THE COMPANY - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Dec. 31, 2015ft²shares	Dec. 31, 2014shares	Dec. 31, 2015ft²Unitshares	Dec. 31, 2014shares
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Effect of dilutive options excluded in the computation of diluted EPS due to net loss	998,000	7,000	0	2,000
Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Effect of dilutive options excluded in the computation of diluted EPS due to net loss				1,204,360
Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Effect of dilutive options excluded in the computation of diluted EPS due to net loss			1,393,016
Movie Q | Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Store facility area | ft²	1,200		1,200
Movie Q | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Store facility area | ft²	1,600		1,600
Unit selections offered to a customer | Unit			10,000

RECONCILIATION OF DENOMINATOR O

RECONCILIATION OF DENOMINATOR OF BASIC EARNINGS PER SHARE COMPUTATION TO DENOMINATOR OF DILUTED EARNINGS PER SHARE COMPUTATION (Detail) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share Disclosure [Line Items]
Weighted average number of common shares outstanding used in computation of basic EPS	12,559,424	10,536,906	12,450,339	10,536,906
Dilutive effect of outstanding stock options	0	0	704,000	0
Weighted average number of common and potential Common shares outstanding used in computation of Diluted EPS	12,559,424	10,536,906	13,154,282	10,536,906
Effect of dilutive options excluded in the computation of diluted EPS due to net loss	998,000	7,000	0	2,000

ACQUISITION OF ASSETS OF MODE26

ACQUISITION OF ASSETS OF MODERN VIDEOFILM, INC -Additional Information (Detail) - USD ($)	Jul. 08, 2015	Dec. 31, 2015	Dec. 31, 2014	Jul. 31, 2007
Acquisition of Asset of Modern Vedio Film [Line Items]
Stock Issued During Period, Shares, Other	2,000,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	800,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.75			$ 10
Debt Instrument, Term	5 years
Line of Credit Facility, Borrowing Capacity, Description	amount not to exceed the remaining $5.0 million
Proceeds from Issuance of Common Stock	$ 1,417,000	$ 34,000	$ 0
Business Acquisition assets and liabilities acquired credit to retained earnings	$ 6,800,000
Medley Capital Corporation [Member]
Acquisition of Asset of Modern Vedio Film [Line Items]
Warrants To Purchase Of Common Stock	500,000
Term Loan One [Member]
Acquisition of Asset of Modern Vedio Film [Line Items]
Debt Instrument, Face Amount	$ 6,000,000
Term Loan Two [Member]
Acquisition of Asset of Modern Vedio Film [Line Items]
Debt Instrument, Face Amount	$ 1,000,000

ACQUISITION OF ASSETS OF MODE27

ACQUISITION OF ASSETS OF MODERN VIDEOFILM, INC (Details)	Dec. 31, 2015USD ($)
Allocation of Purchase Price for MVF [Line Items]
Current assets	$ 3,173,000
Property and equipment	5,359,000
Other assets	118,000
Acquired intangibles:
Total fair value of assets acquired	9,000,000
Total liabilities assumed	(770,000)
Net assets acquired	8,230,000
Common stock consideration	(1,417,000)
Gain before deferred income tax benefit	6,813,000
Income tax benefit - deferred	(2,714,000)
Gain on bargain asset purchase	4,099,000
Customer Relationships [Member]
Acquired intangibles:
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill	200,000
Trade Names [Member]
Acquired intangibles:
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill	$ 150,000

NOTES PAYABLE AND CAPITAL LEA28

NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS - Additional Information (Details) - USD ($)	Jul. 08, 2015	Feb. 28, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Credit agreement			$ 2,000,000
Line of Credit Facility, Interest Rate Description			The loan and security agreement as amended provides for interest at prime rate plus 1.0% (4.50% as of December 31, 2015).
Repayments of Lines of Credit		$ 200,000
Monthly Collateral Management Fees Percentage		0.45%
Annual Collateral Management Fees Percentage		5.40%
Line of Credit Facility, Commitment Fee Amount		$ 5,000	$ 3,000,000
Debt Instrument, Term	5 years
Two Year Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 2,000,000
Percentage Of Acceptable Accounts Receivable		80.00%
Hollywood Way and Vine Street Mortgage [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate Description			The remaining Hollywood Way loan provides for interest at Libor plus 3% (3.54% as of December 31, 2015).
Line of Credit Facility, Average Outstanding Amount			$ 4,800,000
Line of Credit Facility, Frequency of Payment and Payment Terms			Repayment is based on monthly payments with a 25-year amortization, with all principal due in 10 years.
Loan Agreement [Member]
Debt Instrument [Line Items]
Credit agreement	$ 6,000,000
Line of Credit Facility, Current Borrowing Capacity	$ 1,000,000
Line of Credit Facility, Interest Rate Description			Term Loans at a rate per annum equal to three-month LIBOR plus 6.00% (6.54% as of December 31, 2015).
Debt Instrument, Term	5 years
Line of Credit Facility, Remaining Borrowing Capacity	$ 3,000,000
Real Estate Term Loan One | Hollywood Way and Vine Street Mortgage [Member]
Debt Instrument [Line Items]
Long term construction loan agreements, value			$ 5,500,000
Real Estate Term Loan Two | Hollywood Way and Vine Street Mortgage [Member]
Debt Instrument [Line Items]
Long term construction loan agreements, value			3,100,000
Equipment Financing Facilities
Debt Instrument [Line Items]
Credit agreement			1,250,000
Credit Agreement
Debt Instrument [Line Items]
Long-term Line of Credit			$ 800,000

NOTES PAYABLE AND CAPITAL LEA29

NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS (Details)	Dec. 31, 2015USD ($)
2,016	$ 5,736,000
2,017	59,000
2,018	0
2,019	0
2,020	3,000,000
Thereafter	0
Total:	$ 8,795,000

PROPERTY AND EQUIPMENT - Additi

PROPERTY AND EQUIPMENT - Additional Information (Detail) - USD ($)	Apr. 01, 2012	Mar. 31, 2006	Dec. 31, 2015	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Sale and leaseback transaction, real estate sold, after tax gain		$ 1,300,000
Sale and leaseback transaction, lease term		15 years
Sale and leaseback transaction, security deposit			$ 250,000	$ 250,000
Sale and leaseback transaction, minimum annual rent payments for the initial five years of the lease		$ 1,111,000
Sale and leaseback transaction, costs for construction incurred			2,100,000
Sale and leaseback transaction, costs for construction reimbursed by the landlord			$ 2,000,000
Sale Leaseback Transaction, Gross Proceeds, Investing Activities		$ 14,000,000
Sale Leaseback Transaction, Monthly Rental Payments	$ 27,000

PROPERTY AND EQUIPMENT (Detail)

PROPERTY AND EQUIPMENT (Detail) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Land	$ 2,405,000
Buildings	6,078,000
Machinery and equipment	43,418,000
Leasehold improvements	8,873,000
Computer equipment	8,318,000
Equipment under capital lease	1,102,000
Office equipment, vehicles, CIP	924,000
Subtotal	71,118,000
Less accumulated depreciation and amortization	(56,905,000)
Property and equipment, net	$ 14,213,000	$ 9,226,000

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Line Items]
Deferred Income Tax Expense (Benefit)	$ 0	$ 0	$ (2,714,000)	$ 0
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent			40.00%
Deferred Tax Liabilities, Gross	$ 2,700,000		$ 2,700,000
Gain Deferred Income Tax Benefit			$ 6,800,000

STOCK OPTION PLAN, STOCK-BASE33

STOCK OPTION PLAN, STOCK-BASED COMPENSATION - Additional Information (Detail)	Dec. 31, 2015shares
2007 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options originally available	2,000,000
2010 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options originally available	4,000,000

RECOGNIZED STOCK-BASED COMPENSA

RECOGNIZED STOCK-BASED COMPENSATION (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense related to employee or director stock options recognized	$ 94,000	$ 71,000	$ 160,000	$ 139,000

COMPANY GRANTED AWARDS OF STOCK

COMPANY GRANTED AWARDS OF STOCK OPTIONS (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]
Stock option awards	30,000
Weighted average Exercise price	$ 1.04
2007 Equity Incentive Plan
Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]
Stock option awards	30,000	30,000	95,000	35,000
Weighted average Exercise price	$ 1.04	$ 0.23	$ 1.01	$ 0.28
2010 Incentive Plan
Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]
Stock option awards	0	0	0	0
Weighted average Exercise price	$ 0	$ 0	$ 0	$ 0

SUMMARY OF STATUS OF STOCK PLAN

SUMMARY OF STATUS OF STOCK PLANS (Detail) - shares	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding	2,938,810	2,984,910	2,935,060
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options originally available	6,000,000
Stock options outstanding	2,938,810
Options available for grant	2,972,850
2007 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options originally available	2,000,000
2007 Equity Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options originally available	2,000,000
Stock options outstanding	1,677,535
Options available for grant	267,700
2010 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options originally available	4,000,000
2010 Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options originally available	4,000,000
Stock options outstanding	1,261,275
Options available for grant	2,705,150

SUMMARY OF STOCK OPTIONS TRANSA

SUMMARY OF STOCK OPTIONS TRANSACTIONS (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2015
Number of Shares
Beginning Balance	2,984,910	2,935,060	2,935,060
Granted	30,000	65,000
Exercised	(52,600)	0
Cancelled	(23,500)	(15,150)
Ending Balance	2,938,810	2,984,910	2,938,810
Weighted Average Exercise Price
Beginning Balance	$ 0.70	$ 0.70	$ 0.70
Granted	1.04	1
Exercised	0.65	0
Cancelled	1.12	1.27
Ending Balance	0.71	0.70	0.71
Weighted Average Grant Date Fair Value
Beginning Balance	0.50	0.49	0.49
Granted	0.93	0.89
Exercised	0.43	0
Cancelled	0.64	0.66
Ending Balance	$ 0.50	$ 0.50	$ 0.50

STOCK RIGHTS PROGRAM - ADDITION

STOCK RIGHTS PROGRAM - ADDITIONAL INFORMATION (Detail)	1 Months Ended
	Jul. 31, 2007$ / shares$ / Right	Jul. 08, 2015$ / shares
Class of Warrant or Right [Line Items]
Minimum stock percentage accumulated by a single person or group for the rights to become exercisable	20.00%
Rights expiration date	Aug. 6, 2017
Redemption price per right | $ / Right	0.0001
Price to receive in the merger stock of the Company or the acquiring company	$ 20
Price to purchase one one-hundredth of a share of preferred stock	$ 10	$ 0.75

COMPONENTS OF SHAREHOLDERS' EQU

COMPONENTS OF SHAREHOLDERS' EQUITY (Detail) - USD ($)	3 Months Ended			6 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Beginning Balance	$ 11,270,000	$ 4,238,000		$ 4,238,000
Stock-based compensation expense	94,000	64,000
Net income/loss	(2,314,000)	5,386,000	$ (1,085,000)	3,072,000	$ (2,289,000)
Share And Warrant Issuance For Assets		1,417,000
Ending Balance	9,084,000	11,270,000		9,084,000
Share And Warrant Issuance For Term Loan		165,000
Stock option exercises	34,000
Common Stock
Beginning Balance	22,870,000	21,715,000		21,715,000
Stock-based compensation expense	0	0
Net income/loss	0	0
Share And Warrant Issuance For Assets		1,155,000
Ending Balance	22,904,000	22,870,000		22,904,000
Share And Warrant Issuance For Term Loan		0
Stock option exercises	34,000
Paid-in Capital
Beginning Balance	11,667,000	11,176,000		11,176,000
Stock-based compensation expense	94,000	64,000
Net income/loss	0	0
Share And Warrant Issuance For Assets		262,000
Ending Balance	11,761,000	11,667,000		11,761,000
Share And Warrant Issuance For Term Loan		165,000
Stock option exercises	0
Accumulated (Deficit)
Beginning Balance	(23,267,000)	(28,653,000)		(28,653,000)
Stock-based compensation expense	0	0
Net income/loss	(2,314,000)	5,386,000
Ending Balance	(25,581,000)	(23,267,000)		$ (25,581,000)
Share And Warrant Issuance For Term Loan		$ 0
Stock option exercises	$ 0

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Detail) - Movie Q	6 Months Ended
	Dec. 31, 2015ft²Unit
Minimum
Segment Reporting Information [Line Items]
Store facility area	1,200
Maximum
Segment Reporting Information [Line Items]
Store facility area	1,600
Unit selections offered to a customer | Unit	10,000

SEGMENT REVENUES, OPERATING LOS

SEGMENT REVENUES, OPERATING LOSS AND TOTAL ASSETS (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenue	$ 9,693,000	$ 5,354,000	$ 20,454,000	$ 10,485,000
Operating loss	(2,534,000)	(1,121,000)	(4,009,000)	(2,359,000)
Total Assets	23,673,000		23,673,000		$ 13,380,000
Point.360
Segment Reporting Information [Line Items]
Revenue	9,625,000	5,254,000	20,325,000	10,292,000
Operating loss	(2,386,000)	(1,043,000)	(3,727,000)	(2,176,000)
Total Assets	23,001,000		23,001,000		12,601,000
Movie Q
Segment Reporting Information [Line Items]
Revenue	68,000	100,000	129,000	193,000
Operating loss	(148,000)	$ (78,000)	(282,000)	$ (183,000)
Total Assets	$ 672,000		$ 672,000		$ 779,000