NET INCOME (LOSS) PER SHARE

6 Months Ended

Dec. 31, 2016

Basic net income per share:

NET INCOME (LOSS) PER SHARE

NOTE 7. NET INCOME (LOSS) PER SHARE

The Company calculates basic net income (loss) per share by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. The weighted-average number of common shares outstanding reflects the effects of potentially dilutive securities, in income generating periods, which consist entirely of outstanding stock options.

The following table presents reconciliations of the numerators and denominators of the basic and diluted earnings (loss) per share computations for net income (loss). In the tables below, income (loss) amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

	Three Months Ended December 31,					Six Months Ended December 31,
	2016		2015			2016		2015
Basic:
Income from continuing operations	$	3,135	$	481		$	3,422	$	408
Weighted average shares outstanding		4,057		4,143			4,060		4,142
Basic income per share from continuing operations	$	0.77	$	0.11		$	0.84	$	0.10
Income (loss) from discontinued operations	$	59	$	(90	)	$	58	$	(143	)
Weighted average shares outstanding		4,057		4,143			4,060		4,142
Basic and diluted earnings (loss) per share from discontinued operations	$	0.02	$	(0.02	)	$	0.01	$	(0.04	)
Net income	$	3,194	$	391		$	3,480	$	265
Weighted average shares outstanding		4,057		4,143			4,060		4,142
Basic income per share	$	0.79	$	0.09		$	0.85	$	0.06
Diluted:
Income from continuing operations	$	3,135	$	481		$	3,422	$	408
Weighted average shares outstanding		4,057		4,143			4,060		4,142
Effect of dilutive securities – stock options		35		22			38		19
Weighted average shares used in calculation of diluted earnings per share		4,092		4,165			4,098		4,161
Diluted loss per share from continuing operations	$	0.77	$	0.11		$	0.84	$	0.10
Income (loss) from discontinued operations	$	59	$	(90	)	$	58	$	(143	)
Weighted average shares outstanding		4,092		4,165			4,098		4,161
Diluted earnings (loss) per share from discontinued operations	$	0.01	$	(0.02	)	$	0.01	$	(0.04	)
Net income	$	3,194	$	391		$	3,480	$	265
Weighted average shares outstanding		4,092		4,165			4,098		4,161
Diluted income per share	$	0.78	$	0.09		$	0.85	$	0.06