(LOSS) EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2023

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


	Three Months Ended December 31,				Six Months Ended December 31,
	2023		2022		2023		2022
Numerator:


Net (loss) income	$	(13,535)	$	10,966	$	(23,911)	$	17,889

Denominator:
Basic weighted average shares outstanding	89,811		89,380		89,661		89,343
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	—		198		—		192
Diluted weighted average shares outstanding	89,811		89,578		89,661		89,535




Basic net (loss) income per common share	$	(0.15)	$	0.12	$	(0.27)	$	0.20




Diluted net (loss) income per common share	$	(0.15)	$	0.12	$	(0.27)	$	0.20

Due to the incurred net loss in the three and six months ended December 31, 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.

There were 372 restricted stock awards excluded from the calculation of diluted net income per share for the three months ended December 31, 2022, as such awards were anti-dilutive. There were 453 stock-based awards comprised of restricted stock awards and stock options excluded from the calculation of diluted net income per share for the six months ended December 31, 2022, as such awards were anti-dilutive.

Additionally, 903 and 401 stock-based awards outstanding at December 31, 2023 and 2022, respectively, were excluded from the calculation of diluted net (loss) income per share for the three months ended December 31, 2023 and 2022, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods. Furthermore, 515 and 286 stock-based awards outstanding at December 31, 2023 and 2022, respectively, were excluded from the calculation of diluted net (loss) income per share for the six months ended December 31, 2023 and 2022, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods.