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NET INCOME (LOSS) PER SHARE
 3 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE 6. 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. Diluted income (loss) per share reflects the effects of potentially dilutive securities, which consist entirely of outstanding stock options.


As the loss from discontinued operations is negligible for the three months ended September 30, 2016, and generates no loss per share, it is excluded from the table below. The following table presents reconciliations of the numerators and denominators of the basic and diluted income (loss) per share computations. 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
September 30,

 

 

 

2017

 

 

2016

 

Basic:

 

 

 

 

 

 

Net income 

 

$

628

 

 

$

286

 

Weighted average shares outstanding 

 

 

4,150

 

 

 

4,062

 

Basic earnings per share 

 

$

0.15

 

 

$

0.07

 

Diluted:

 

 

 

 

 

 

 

 

Net income 

 

$

628

 

 

$

286

 

Weighted average shares outstanding 

 

 

4,150

 

 

 

4,062

 

Effect of dilutive securities – stock options 

 

 

40

 

 

 

41

 

Weighted average shares used in calculation of diluted earnings per share

 

 

4,190

 

 

 

4,103

 

Diluted earnings per share 

 

$

0.15

 

 

$

0.07