Net loss per share

12 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Net loss per share

5. Net loss per share

Options to purchase 1,158,000, 844,000 and 1,473,000 shares of common stock were outstanding at June 30, 2014, 2013 and 2012, respectively. Because the Company was in a loss position for each of these years, stock options outstanding and common stock issuable upon the conversion of the redeemable convertible preferred stock were excluded in the computation of diluted loss per share because their effect would be antidilutive. Options to purchase 0.6 million, 0.1 million, and 0.1 million shares of common stock were not included in the computation of diluted earnings per share for fiscal 2014, 2013, and 2012, respectively, because their exercise prices were greater than the average market price of the Company’s common stock and therefore their effect would be antidilutive.