Earnings (Loss) Per Common Share

9 Months Ended

Mar. 31, 2012

Earnings (Loss) Per Common Share

Earnings (Loss) Per Common Share

The following table sets forth the calculation of basic and diluted net loss per common share:

	Three Months Ended March 31,						Nine Months Ended March 31,
(In thousands, except share and per share data)	2012			2011			2012			2011
	(Unaudited)
Net loss attributable to common stockholders - basic	$	(5,445	)	$	(13,116	)	$	(17,019	)	$	(31,746	)
Net loss attributable to holders of nonvested restricted stock	(56		)	(80		)	(176		)	(235		)
Total net loss	$	(5,501	)	$	(13,196	)	$	(17,195	)	$	(31,981	)
Weighted average common shares outstanding — basic	15,592,291			15,101,746			15,448,622			15,035,759
Effect of dilutive securities:
Shares issuable under stock options	—			—			—			—
Weighted average common shares outstanding — diluted	15,592,291			15,101,746			15,448,622			15,035,759
Net loss per common share — basic	$	(0.35	)	$	(0.87	)	$	(1.11	)	$	(2.13	)
Net loss per common share — diluted	$	(0.35	)	$	(0.87	)	$	(1.11	)	$	(2.13	)