XML 49 R12.htm IDEA: XBRL DOCUMENT v3.3.0.814
Net Income (Loss) per Share
 3 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) per Share
Net Income (Loss) per Share
 
Basic net income (loss) per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method and the if-converted method. Dilutive potential common shares include outstanding stock options and share-based awards.

The following table reconciles the numerators and denominators used in the computations of both basic and diluted net income (loss) per share (in thousands, except per share data):
 
 
 
 
 
Three Months Ended 
 September 30,
 
 
 
 
 
 
2015
 
2014
Numerator:
 
 
 
 
 
 

 
 

Amounts attributable to Astrotech Corporation, basic and diluted:
 
 
 
 
 
 

 
 

Loss from continuing operations before income taxes
 
 
 
 
 
$
(3,451
)
 
$
(2,597
)
Income tax (expense) benefit
 
 
 
 
 
(2
)
 
1,325

Loss from continuing operations, net of tax
 
 
 
 
 
(3,453
)
 
(1,272
)
Less: Net loss attributable to noncontrolling interest
 
 
 
 
 
(89
)
 
—

Income from discontinued operations, net of tax
 
 
 
 
 
—

 
24,555

Net (loss) income attributable to Astrotech Corporation
 
 
 
 
 
(3,364
)
 
23,283

Less: State of Texas deemed dividend (Note 12)
 
 
 
 
 
—

 
531

Net (loss) income attributable to Astrotech Corporation applicable to common shareholders
 
 
 
 
 
$
(3,364
)
 
$
22,752

Denominator:
 
 
 
 
 
 

 
 

Denominator for basic and diluted net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding
 
 
 
 
 
20,705

 
19,548

Basic and diluted net income (loss) per common share:
 
 
 
 
 
 

 
 

Net loss attributable to Astrotech Corporation from continuing operations
 
 
 
 
 
$
(0.16
)
 
$
(0.09
)
Net income from discontinued operations
 
 
 
 
 
—

 
1.25

Net (loss) income attributable to Astrotech Corporation applicable to common shareholders
 
 
 
 
 
$
(0.16
)
 
$
1.16


 
Options to purchase 1,117,750 shares of common stock at exercise prices ranging from $0.32 to $3.20 per share outstanding for the three months ended September 30, 2015 were not included in diluted net loss per share, as the inclusion of the potential common shares would have had an anti-dilutive effect on the loss from continuing operations.