XML 37 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Tables)
3 Months Ended
Sep. 30, 2018
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,
 
2018
 
2017
Numerator
 
 
 
Net loss
$
(2,888
)
 
$
(1,977
)
Income allocated to participating securities

 

Net loss available to common stockholders
$
(2,888
)
 
$
(1,977
)
Denominator
 
 
 
Weighted average common shares outstanding – basic
33,425,065

 
32,968,712

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
33,425,065

 
32,968,712

 
 
 
 
Earnings per common share – basic and diluted
$
(0.09
)
 
$
(0.06
)


(1)
At September 30, 2018 and 2017, 14,234 and 39,381 stock options were outstanding, respectively. 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, 2018 and 2017, 354,176 and 335,869 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, 2018 and 2017, 740,671 and 562,315 performance-based restricted stock awards, respectively, were outstanding. The effect of the potential vesting of these awards has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.