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Earnings Per Share (Tables)
3 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of Numerators and Denominators Used in 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):
 
Three Months Ended 
 September 30,
 
2017
 
2016
Numerator
 
 
 
Net loss
$
(1,977
)
 
$
(1,858
)
Denominator
 
 
 
Weighted average common shares outstanding – basic
32,968,712

 
32,985,081

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
32,968,712

 
32,985,081

 
 
 
 
Earnings per common share – basic and diluted
$
(0.06
)
 
$
(0.06
)

(1)
At September 30, 2017 and 2016, 39,381 and 597,234 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 September 30, 2017 and 2016, 335,869 and 350,771 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 September 30, 2017, 562,315 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.