(LOSS) EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2023

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


	Fiscal Year Ended June 30,
	2023		2022		2021
Numerator:
Net (loss) income from continuing operations	$	(116,537)	$	77,873	$	66,109
Net income from discontinued operations, net of tax	—		—		11,255
Net (loss) income	$	(116,537)	$	77,873	$	77,364

Denominator:
Basic weighted average shares outstanding	89,396		92,989		100,235
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	—		356		1,087
Diluted weighted average shares outstanding	89,396		93,345		101,322

Basic net (loss) income per common share:
Continuing operations	$	(1.30)	$	0.84	$	0.66
Discontinued operations	—		—		0.11
Basic net (loss) income per common share	$	(1.30)	$	0.84	$	0.77

Diluted net (loss) income per common share:
Continuing operations	$	(1.30)	$	0.83	$	0.65
Discontinued operations	—		—		0.11
Diluted net (loss) income per common share	$	(1.30)	$	0.83	$	0.76

Due to our net loss in the twelve months ended June 30, 2023, all common stock equivalents such as stock options and unvested restricted stock awards have been excluded from the computation of diluted net loss per share because the effect would have been anti-dilutive to the computations.

There were 316 and 137 restricted stock awards and stock options excluded from the Company’s calculation of diluted net (loss) income per share for the fiscal years 2022 and 2021, respectively, as such awards were anti-dilutive.

Additionally, 214 and 721 stock-based awards outstanding at fiscal years 2022 and 2021, respectively, were excluded from the calculation of diluted net income per share for the fiscal years 2022 and 2021, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods.