Earnings Per Share

12 Months Ended

Jun. 30, 2016

Earnings Per Share

Earnings Per Share

Note 3—Earnings Per Share

Earnings per share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share are computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable for unvested restricted stock, as calculated using the treasury stock method.

	Successor						Predecessor
	Fiscal Year Ended				Period from August		Period from July 1,
	June 30,				15, 2013 through		2013 through
	2016		2015		June 30, 2014		August 14, 2013
Numerator:
Net income (loss) available to common shareholders—basic and diluted	$	2,132	$	6,499	$	(51,864)	$	(23,710)
Denominator:
Weighted average number of common shares outstanding—basic		72,661		61,939		44,229		116
Effect of dilutive securities		—		—		—		—
Weighted average number of common shares outstanding—diluted		72,661		61,939		44,229		116
Basic earnings (loss) per common share	$	0.03	$	0.10	$	(1.17)	$	(203.74)
Dilutive earnings (loss) per common share	$	0.03	$	0.10	$	(1.17)	$	(203.74)

Stock options and unvested restricted stock units in the amounts of 1,992 and 10 for the period from August 15, 2013 through June 30, 2014 and the period from July 1, 2013 through August 14, 2013, respectively, are excluded from the diluted earnings (loss) per common share as their inclusion would be anti-dilutive. There were no stock options in the Company’s stock for the fiscal year ended June 30, 2015. The effect of unvested restricted stock and restricted stock units for the fiscal year ended June 30, 2016 was not material.