Earnings Per Share

3 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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):

	Three Months Ended   September 30,
	2016			2015
Numerator
Net loss	$	(1,858	)	$	(13,261	)
Denominator
Weighted average common shares – basic	32,985,081			32,210,874
Effect of dilutive stock options(a)(b)	—			—
Weighted average common shares outstanding – diluted	32,985,081			32,210,874
Net loss per common share — basic and diluted	$	(0.06	)	$	(0.41	)

(a) At September 30, 2016 and 2015, 597,234 and 697,372 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.

(b) At September 30, 2016 and 2015, 350,771 and 297,044 additional shares of common stock, respectively, were issuable upon the settlement of outstanding restricted stock units. The effect of the shares that would be issued upon settlement of these restricted stock units has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.