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Income/(Loss) Per Common Share (Tables)
9 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Income/(Loss) Per Common Share

 

 

 

Three Months Ended

March 31,

 

 

Nine Months Ended

March 31,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income/(loss)

 

$

(14,796

)

 

$

(5,240

)

 

$

(15,221

)

 

$

7,564

 

Less: Income to participating securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net income/(loss) attributable to common shares

 

$

(14,796

)

 

$

(5,240

)

 

$

(15,221

)

 

$

7,564

 

Weighted average number of common shares

   outstanding basic

 

 

43,998

 

 

 

43,731

 

 

 

43,915

 

 

 

43,678

 

Effect of dilutive stock equivalents

 

 

—

 

 

 

—

 

 

 

—

 

 

 

31

 

Weighted average number of common shares

   outstanding diluted

 

 

43,998

 

 

 

43,731

 

 

 

43,915

 

 

 

43,709

 

Net income/(loss) per common share basic

 

$

(0.34

)

 

$

(0.12

)

 

$

(0.35

)

 

$

0.17

 

Net income/(loss) per common share diluted

 

$

(0.34

)

 

$

(0.12

)

 

$

(0.35

)

 

$

0.17