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Net Loss per Share
9 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Loss per Share

(6) 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 potentially dilutive common shares outstanding during the period using the treasury stock method and the if-converted method. Potentially dilutive 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:

 

 

 

Three Months Ended

March 31,

 

 

Nine Months Ended

March 31,

 

(In thousands, except per share data)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts attributable to Astrotech Corporation, basic and

   diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss before income taxes

 

$

(2,855

)

 

$

(2,845

)

 

$

(8,998

)

 

$

(8,966

)

Income tax benefit

 

 

 

 

 

(2

)

 

 

 

 

 

(2

)

Net loss

 

 

(2,855

)

 

 

(2,847

)

 

 

(8,998

)

 

 

(8,968

)

Less: Net loss attributable to noncontrolling interest

 

 

 

 

 

(47

)

 

 

 

 

 

(150

)

Net loss attributable to Astrotech Corporation

 

$

(2,855

)

 

$

(2,800

)

 

$

(8,998

)

 

$

(8,818

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted net loss per share attributable

   to Astrotech Corporation — weighted average common stock

   outstanding

 

 

4,060

 

 

 

4,033

 

 

 

4,059

 

 

 

4,095

 

Basic and diluted net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to Astrotech Corporation

 

$

(0.70

)

 

$

(0.69

)

 

$

(2.22

)

 

$

(2.15

)

 

All unvested restricted stock awards for the nine months ended March 31, 2018, are not included in diluted net loss per share, as the impact to net loss per share would be anti-dilutive. Options to purchase 362,171 shares of common stock at exercise prices ranging from $1.60 to $16.00 per share outstanding as of March 31, 2018, were not included in diluted net loss per share, as the impact to net loss per share would be anti-dilutive.