Earnings Per Share (Tables)

12 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Reconciliation of the numerators and denominators used in the basic and diluted earnings per common share computations

The following table presents a reconciliation of the numerators and denominators used in the basic and diluted earnings per common share computations (in thousands except share and per share amounts):

	Year Ended June 30,
	2014			2013			2012
Numerator
Net loss	$	(35,290	)	$	(24,037	)	$	(16,790	)
Denominator
Weighted average common shares — basic	28,295,758			21,685,932			18,035,635
Effect of dilutive stock options and warrants(a)(b)(c)	—			—			—
Weighted average common shares outstanding — diluted	28,295,758			21,685,932			18,035,635
Net loss per common share — basic and diluted	$	(1.25	)	$	(1.11	)	$	(0.93	)

(a) At June 30, 2014, 2013, and 2012; 0, 2,091,718, and 2,457,433, warrants, respectively, were outstanding. The effect of the shares that would be issued upon exercise of these warrants has been excluded from the calculation of diluted loss per share, because those shares are anti-dilutive.

(b) At June 30, 2014, 2013, and 2012; 922,809, 1,739,663, and 2,371,198 stock options, respectively, were outstanding. The effect of the shares that would be issued upon exercise of these options has been excluded from the calculation of diluted loss per share, because those shares are anti-dilutive.

(c) At June 30, 2014, 2013, and 2012; 0, 321,099 and 363,794 additional shares of common stock were issuable upon the conversion of outstanding convertible debt agreements. The effect of the shares that would be issued upon conversion of these debt agreements has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.