XML 22 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Loss per Share
 9 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Net Loss per Share
Net Loss per Share
 
Basic net loss per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted net 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 loss per share (in thousands, except per share data):
 
 
 
Three Months Ended 
 March 31,
 
Nine Months Ended 
 March 31,
 
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
 
Amounts attributable to Astrotech Corporation, basic and diluted:
 
 
 
 
 
 
 
 
Loss before income taxes
 
$
(2,845
)
 
$
(3,850
)
 
$
(8,966
)
 
$
(9,909
)
Income tax (expense) benefit
 
(2
)
 
11

 
(2
)
 
9

Net loss
 
(2,847
)
 
(3,839
)
 
(8,968
)
 
(9,900
)
Less: Net loss attributable to noncontrolling interest
 
(47
)
 
(97
)
 
(150
)
 
(268
)
Net loss attributable to Astrotech Corporation
 
$
(2,800
)
 
$
(3,742
)
 
$
(8,818
)
 
$
(9,632
)
Denominator:
 
 

 
 

 
 

 
 

Denominator for basic and diluted net loss per share attributable to Astrotech Corporation — weighted average common stock outstanding
 
20,164

 
20,636

 
20,474

 
20,681

Basic and diluted net loss per common share:
 
 

 
 

 
 
 
 
Net loss attributable to Astrotech Corporation
 
$
(0.14
)
 
$
(0.18
)
 
$
(0.43
)
 
$
(0.47
)

 
All unvested restricted stock awards for the nine months ended March 31, 2017, are not included in diluted net loss per share, as the impact to net loss per share would be anti-dilutive. Options to purchase 1,167,750 shares of common stock at exercise prices ranging from $0.32 to $3.20 per share outstanding as of March 31, 2017, were not included in diluted net loss per share, as the impact to net loss per share would be anti-dilutive.