Earnings Per Share

12 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

13. 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:

	Year Ended June 30,
	2012			2011			2010
Numerator
Net loss	$	16,790		$	11,125		$	23,904
Denominator
Weighted average common shares — basic		18,035,635			15,915,800			14,748,293
Effect of dilutive stock options and warrants(a)(b)(c)		—			—			—
Weighted average common shares outstanding — diluted		18,035,635			15,915,800			14,748,293
Loss per common share — basic and diluted	$	(0.93	)	$	(0.70	)	$	(1.62	)

(a) At June 30, 2012, 2011, and 2010, 2,457,433, 2,690,424, and 3,241,992, 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, 2012, 2011, and 2010, 2,371,198, 3,070,999, and 3,356,993 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, 2012 and 2011, 363,794 and 296,921 additional shares of common stock are 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.