Net (Loss) Income Per Share of Common Stock

9 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Net (Loss) Income Per Share of Common Stock

Net (Loss) Income Per Share of Common Stock

Net (loss) income per share is computed using the two-class method, by dividing net (loss) income attributable to us by the weighted-average number of shares of our outstanding common stock. Our restricted shares contain rights to receive non-forfeitable dividends and therefore are considered to be participating securities and included in the calculations of net income per basic and diluted common share. Undistributed losses are not allocated to unvested restricted shares due to the fact that the unvested restricted shares are not contractually obligated to share our losses. The impact on earnings per share of the participating securities under the two-class method is immaterial.

The following table presents the computation of basic and diluted net income (loss) per share attributable to the common stockholders:

	Three Months Ended						Nine Months Ended
(In thousands, except per share amounts)	March 31, 2017			April 1, 2016			March 31, 2017		April 1, 2016
Numerator:
Net (loss) income from continuing operations, net of tax	$	(399	)	$	(7,968	)	$	650	$	(15,209	)
Net income from discontinued operations, net of tax	—			94			—		453
Net (loss) income attributable to Aviat Networks	$	(399	)	$	(7,874	)	$	650	$	(14,756	)
Denominator:
Weighted average shares outstanding, basic	5,310			5,255			5,286		5,230
Effect of potentially dilutive equivalent shares	—			—			106		—
Weighted average shares outstanding, diluted	5,310			5,255			5,392		5,230
Basic (loss) income per share attributable to Aviat Networks’ common stockholders:
Continuing operations	$	(0.08	)	$	(1.52	)	$	0.12	$	(2.91	)
Discontinued operations	—			0.02			—		0.09
Net (loss) income	$	(0.08	)	$	(1.50	)	$	0.12	$	(2.82	)
Diluted (loss) income per share attributable to Aviat Networks’ common stockholders:
Continuing operations	$	(0.08	)	$	(1.52	)	$	0.12	$	(2.91	)
Discontinued operations	—			0.02			—		0.09
Net (loss) income	$	(0.08	)	$	(1.50	)	$	0.12	$	(2.82	)

The following table summarizes the weighted-average equity awards that were excluded from the diluted net (loss) income per share calculations:

	Three Months Ended		Nine Months Ended
(In thousands)	March 31, 2017	April 1, 2016	March 31, 2017	April 1, 2016
Stock options	398	500	423	567
Restricted stocks units and performance stock units	455	209	13	150
Total potential shares of common stock excluded	853	709	436	717