Note 5 - Net Income (Loss) Per Share

9 Months Ended

Mar. 31, 2015

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 March 31 ,
	2015		2014
Net income (in millions)	$	1.2	$	3.2
Weighted-average shares outstanding		35,105,978		33,890,470
Dilutive effect of stock options		37,200		370,245
Shares used to compute diluted earnings per share		35,143,178		34,260,715
Basic net income (loss) per share	$	0.03	$	0.09
Diluted net income (loss) per share	$	0.03	$	0.09

	Nine Months Ended March 31 ,
	2015		2014
Net income (loss) (in millions)	$	0.8	$	(0.8	)
Weighted-average shares outstanding		35,102,609		30,127,156
Dilutive effect of stock options		24,404		-
Shares used to compute diluted earnings per share		35,127,013		30,127,156
Basic net loss per share	$	0.02	$	(0.03	)
Diluted net loss per share	$	0.02	$	(0.03	)