Note 5 - Net Income (Loss) Per Share

6 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Earnings Per Share [Text Block]

(5) Net Income (Loss) per share

Basic and diluted net income (

loss)

per share has been computed based on net income (

loss)

and the weighted-average number of common shares outstanding during the applicable period. For diluted net loss per share, common stock equivalents (shares of common stock issuable upon the exercise of stock options and unvested restricted stock units) are excluded from the calculation as their inclusion would be anti-dilutive. The Company has excluded all anti-dilutive share-based awards to purchase common stock in periods indicating a loss, as their effect is anti-dilutive.

The following table sets forth the computation of historical basic and diluted net income (loss) per share.

	Three Months Ended December 31 ,
	2014		2013
Net income (loss) (in millions)	$	6.5	$	(0.1	)
Weighted-average shares outstanding		35,100,961		28,291,665
Dilutive effect of restricted stock and stock options		2,125		-
Shares used to compute diluted earnings per share		35,103,086		28,291,665
Basic net income (loss) per share	$	0.19	$	(0.00	)
Diluted net income (loss) per share	$	0.19	$	(0.00	)
Number of anti-dilutive share-based awards excluded from computation		3,178,424		2,538,263

	Six Months Ended December 31 ,
	2014			2013
Net loss (in millions)	$	(0.4	)	$	(4.0	)
Weighted-average shares outstanding		35,100,961			28,286,404
Dilutive effect of restricted stock and stock options		-			-
Shares used to compute diluted earnings per share		35,100,961			28,286,404
Basic net loss per share	$	(0.01	)	$	(0.14	)
Diluted net loss per share	$	(0.01	)	$	(0.14	)
Number of anti-dilutive share-based awards excluded from computation		3,293,424			2,538,263