NET INCOME (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NOTE 5. NET INCOME (LOSS) PER SHARE

We calculate 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 and performance awards.

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 March 31,				Nine Months Ended March 31,
	2019		2018		2019		2018
Basic:
Net income	$	732	$	480	$	3,260	$	1,453
Weighted average shares outstanding		4,143		4,363		4,224		4,290
Basic income per share	$	0.18	$	0.11	$	0.77	$	0.34
Diluted:
Net income	$	732	$	480	$	3,260	$	1,453
Weighted average shares outstanding		4,143		4,363		4,224		4,290
Effect of dilutive securities – stock options & performance awards		114		40		114		40
Weighted average shares outstanding used in calculation of diluted earnings per share		4,257		4,403		4,338		4,330
Diluted income per share	$	0.17	$	0.11	$	0.75	$	0.34