Earnings Per Common Share

9 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Common Share

4.      Earnings per common share — The following table sets forth the computation of basic and diluted income/(loss) per common share (in thousands, except per share amounts):

	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
Net loss	$	(8,080	)	$	(14,796	)	$	(11,642	)	$	(15,221	)
Less: Income to participating securities		—			—			—			—
Net loss attributable to common shares	$	(8,080	)	$	(14,796	)	$	(11,642	)	$	(15,221	)
Weighted average number of common shares    outstanding basic		44,365			43,998			44,236			43,915
Effect of dilutive stock equivalents		—			—			—			—
Weighted average number of common shares    outstanding diluted		44,365			43,998			44,236			43,915
Net loss per common share-basic	$	(0.18	)	$	(0.34	)	$	(0.26	)	$	(0.35	)
Net loss per common share-diluted	$	(0.18	)	$	(0.34	)	$	(0.26	)	$	(0.35	)

For the quarters and year to date periods ended March 31, 2018 and March 31, 2017, all options representing the rights to purchase shares, respectively, were not included in the dilutive income per share calculation, because the assumed exercise of such options would have been anti-dilutive.