Basic And Diluted Net Income (Loss) Per Share

6 Months Ended

Dec. 31, 2011

Basic And Diluted Net Income (Loss) Per Share [Abstract]

Basic And Diluted Net Income (Loss) Per Share

3.Basic and Diluted Net Income (Loss) per Share

                 Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during each period.Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares including dilutive common share equivalents.Under the treasury stock method, incremental shares representing the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued are included in the computation.Diluted earnings per common share assumes exercise of outstanding stock options and vesting of restricted stock when the effects of such assumptions are dilutive.Common share equivalents of 806,000 and 987,000 for the three months ended December 31, 2011 and 2010, respectively, were excluded from the calculation as their effect was antidilutive.Common share equivalents of 815,000 and 1,001,000 for the six months ended December 31, 2011 and 2010, respectively, were excluded from the calculation as their effect was antidilutive.

The following table presents a reconciliation of the numerators and denominators of basic and diluted net loss per share for the periods indicated (dollars and share data in thousands, except per-share amounts):

	Three Months Ended December 31,		Six Months Ended December 31,
	2011	2010	2011	2010
Basic and diluted earnings per share (EPS) calculation:
Net loss	$  (833)	$ (1,189)	$ (3,433)	$ (2,400)
Basic weighted average number of shares outstanding	8,621	8,409	8,554	8,388
Effect of dilutive securities:
Restricted stock	-	-	-	-
Diluted weighted average number of shares outstanding	8,621	8,409	8,554	8,388
Basic EPS	$ (0.10)	$   (0.14)	$ (0.40)	$ (0.29)
Diluted EPS	$ (0.10)	$   (0.14)	$ (0.40)	$ (0.29)