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Earnings Per Share
12 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
11.    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):
 
Year Ended June 30,
 
2017
 
2016
 
2015
Numerator
 
 
 
 
 
Net loss
$
(1,792
)
 
$
(56,024
)
 
$
(32,822
)
Denominator
 
 
 
 
 
Weighted average common shares outstanding — basic
32,373,709

 
32,537,621

 
31,547,711

Effect of dilutive stock options(1)

 

 

Effect of dilutive restricted stock units(2)


 

 

Effect of performance-based restricted stock awards (3)


 

 

Weighted average common shares outstanding — diluted
32,373,709

 
32,537,621

 
31,547,711

Earnings per common share — basic and diluted
$
(0.06
)
 
$
(1.72
)
 
$
(1.04
)

(1)
At June 30, 2017, 2016, and 2015; 78,201, 606,879, and 699,872 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.
(2)
At June 30, 2017, 2016, and 2015; 349,430, 304,816 and 262,943 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.
(3)
At June 30, 2017, 318,584 performance-based restricted stock awards were outstanding. The effect of the shares that would be issued upon vesting of these awards has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.