Note 5 - Net Income (Loss) per Share

6 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

(5)   Net Income (Loss) per share

Basic and diluted net loss per share has been computed based on net 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 loss per share.

	Three Months Ended December 31 ,
	201 5			201 4
Net (loss) income (in millions)	$	(6.5	)	$	6.5
Weighted-average shares outstanding		38,636,946			35,100,961
Dilutive effect of restricted stock and stock options		-			2,125
Shares used to compute diluted earnings per share		38,636,946			35,103,086
Basic net (loss) income per share	$	(0.17	)	$	0.19
Diluted net (loss) income per share	$	(0.17	)	$	0.19
Number of anti-dilutive share-based awards excluded from computation		4,631,556			3,178,424

	Six Months Ended December 31 ,
	2015			201 4
Net (loss) (in millions)	$	(13.2	)	$	(0.4	)
Weighted-average shares outstanding		38,630,587			35,100,961
Dilutive effect of restricted stock and stock options		-			-
Shares used to compute diluted earnings per share		38,630,587			35,100,961
Basic net (loss) per share	$	(0.34	)	$	(0.01	)
Diluted net (loss) per share	$	(0.34	)	$	(0.01	)
Number of anti-dilutive share-based awards excluded from computation		4,619,210			3,293,424