Net (Loss) Income per Share

12 Months Ended

Jun. 30, 2013

Net (Loss) Income per Share

(21)  Net (Loss) Income per Share

The following table sets forth the computation of basic and diluted net (loss) income per share of common stock:

	Fiscal years ended June 30,
	2013			2012			2011
	(dollars and shares in thousands, except per share amounts)
Loss from continuing operations	$	(50,197	)	$	(33,593	)	$	(83,994	)
Less: Loss allocated to participating securities		—			(2,691	)		—
Loss from continuing operations allocated to common shares outstanding	$	(50,197	)	$	(30,902	)	$	(83,994	)
Income (loss) from discontinued operations, net of taxes	$	—		$	1,135,821		$	(137,567	)
Less: Earnings allocated to participating securities		—			90,999			—
Income (loss) from discontinued operations allocated to common shares outstanding		—		$	1,044,822		$	(137,567	)
Net (loss) income per basic common share:
From continuing operations	$	(0.47	)	$	(0.30	)	$	(0.83	)
From discontinued operations		—			10.28			(1.37	)
Total basic net (loss) income per common share	$	(0.47	)	$	9.98		$	(2.20	)
Net (loss) income per diluted common share:
From continuing operations	$	(0.47	)	$	(0.30	)	$	(0.83	)
From discontinued operations		—			10.26			(1.37	)
Total diluted net (loss) income per common share	$	(0.47	)	$	9.96		$	(2.20	)
Weighted-average common shares outstanding:
Basic		107,346			101,575			100,919
Diluted		107,346			110,667			100,919
Anti-dilutive common stock equivalents		138			—			8,940

For the periods in which a net loss was incurred, common stock equivalents are considered anti-dilutive, and, therefore, are excluded from diluted weighted-average shares outstanding. Common stock equivalents include RSUs, stock options and, for fiscal 2011 and fiscal 2012, include Series B Non-Voting Convertible Preferred Stock, $0.01 par value per share (Series B Preferred Stock). For the stock options outstanding, the conversion or exercise price exceeds fair market value at the reporting date.