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Net Income (Loss) Per Share
 12 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
13. Net Income (Loss) Per Share

 

We calculate basic earnings (loss) per share by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the effects of potentially dilutive securities. Because we incurred a net loss for the fiscal year ended June 30, 2015, basic and diluted loss per share were the same as the inclusion of common shares of 22,607 representing potentially issuable shares under the terms of outstanding stock option grants would have had an antidilutive effect. The summary of the basic and diluted earnings per share calculations for the years ended June 30, 2016 and 2015 is as follows (in thousands, except per share data):

    Years Ended June 30,  
    2016     2015  
Basic:                
Income (loss) from continuing operations   $ 822     $ (402 )
Weighted average shares outstanding     4,141       4,169  
Basic earnings (loss) per share from continuing operations   $ 0.20     $ (0.10 )
Income from discontinued operations   $ —     $ 37  
Weighted average shares outstanding     4,141       4,169  
Basic earnings per share from discontinued operations   $ —     $ 0.01  
Net income (loss)   $ 822     $ (365 )
Weighted average shares outstanding     4,141       4,169  
Basic earnings (loss) per share   $ 0.20     $ (0.09 )
Diluted:                
Income (loss) from continuing operations   $ 822     $ (402 )
Weighted average shares outstanding     4,141       4,169  
Effect of dilutive securities – stock options     32       —  
Weighted average shares used in calculation of diluted earnings per share     4,173       4,169  
Diluted earnings (loss) per share from continuing operations   $ 0.20     $ (0.10 )
Income from discontinued operations   $ —     $ 37  
Weighted average shares used in calculation of diluted earnings per share     4,173       4,169  
Diluted earnings per share from discontinued operations   $ —     $ 0.01  
Net income (loss)   $ 822     $ (365 )
Weighted average shares used in calculation of diluted earnings per share     4,173       4,169  
Diluted earnings (loss) per share   $ 0.20     $ (0.09 )