EARNINGS (LOSS) PER SHARE

3 Months Ended

Sep. 30, 2020

The following table sets forth the computation of basic and diluted net income (loss) per share:


	Three Months Ended September 30,
	2020		2019
Numerator:
Net loss from continuing operations	$	(10,781)	$	(4,953)
Net income (loss) from discontinued operations	11,266		(102,068)
Net income (loss)	$	485	$	(107,021)

Denominator:
Basic weighted average shares outstanding	101,558		104,225
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	—		—
Diluted weighted average shares outstanding	101,558		104,225

Basic net (loss) income per common share:
Continuing operations	$	(0.11)	$	(0.05)
Discontinued operations	0.11		(0.98)
Basic net loss per common share	$	—	$	(1.03)

Diluted net (loss) income per common share:
Continuing operations	$	(0.11)	$	(0.05)
Discontinued operations	0.11		(0.98)
Diluted net loss per common share	$	—	$	(1.03)

Basic net (loss) income per share excludes the dilutive effects of stock options, unvested restricted stock and unvested restricted share units.

Due to our net loss in the three months ended September 30, 2020 and 2019, all common stock equivalents such as stock options and unvested restricted stock awards have been excluded from the computation of diluted net loss per common share because the effect would have been anti-dilutive to the computations in the period.

There were 440 and 786 restricted stock awards and stock options excluded from our calculation of diluted net income (loss) per share for the three months ended September 30, 2020 and 2019, respectively, as such awards were anti-dilutive. Additionally, there were 2,548 and 2,910 stock-based awards excluded for the three months ended September 30, 2020 and 2019, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods.

Share Repurchase Program

On June 21, 2017, the Company's Board of Directors authorized the repurchase of up to $250,000 of the Company’s issued and outstanding common stock. Repurchases may be made from time to time in the open market, pursuant to pre-set trading plans, in private transactions or otherwise. The authorization does not have a stated expiration date. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations. During the three months ended September 30, 2020, the Company repurchased 1,281 shares under the repurchase program for a total of $42,027, excluding commissions, at an average price of $32.81 per share. As of September 30, 2020, the Company had $147,803 of remaining authorization under the share repurchase program.