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EARNINGS PER SHARE CALCULATION (10K)
 12 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE CALCULATION
4. EARNINGS PER SHARE CALCULATION

The calculation of basic earnings per share (“eps”) and diluted earnings per share is presented below:

  
Year Ended June 30
 
($ in thousands, except per share data)
 
2016
  
2015
  
2014
 
          
Numerator for basic and diluted earnings per share
         
Net income (loss)
 
$
(6,806
)
 
$
(1,089
)
 
$
27,531
 
Preferred dividends
  
(668
)
  
(668
)
  
(668
)
Net income (loss) available to common shareholders
 
$
(7,474
)
 
$
(1,757
)
 
$
26,863
 
             
Denominator for basic earnings per share - Weighted average shares outstanding
  
36,309,047
   
35,719,211
   
34,667,769
 
Effect of dilutive potential common shares
  
-
   
-
   
341,790
 
Denominator for diluted earnings per share - Adjusted weighted average shares outstanding
  
36,309,047
   
35,719,211
#
  
35,009,559
 
             
Basic earnings (loss) per share
 
$
(0.21
)
 
$
(0.05
)
 
$
0.77
 
             
Diluted earnings (loss) per share
 
$
(0.21
)
 
$
(0.05
)
 
$
0.77
 

Antidilutive shares excluded from the calculation of diluted earnings per share were 1,168,689, 252,827 and 98,497 for the years ended June 30, 2016, 2015 and 2014, respectively.