Net Income (Loss) Per Share

6 Months Ended

Dec. 31, 2012

Net Income (Loss) Per Share

Net Income (Loss) Per Share

9.  Net Income (Loss) Per Share

Basic income (loss) per share is determined by dividing net income (loss) by the weighted average common shares outstanding during the period. Diluted income (loss) per share is determined by dividing net income (loss) by diluted weighted average shares outstanding during the period. Diluted weighted average shares reflect the dilutive effect, if any, of potential common shares. To the extent their effect is dilutive, employee equity awards and other commitments to be settled in common stock are included in the calculation of diluted net income (loss) per share based on the treasury stock method.

For the three and six months ended December 31, 2012 and the three months ended December 31, 2011, certain employee equity awards were anti-dilutive based on the treasury stock method. For the six months ended December 31, 2011, all potential common shares were anti-dilutive due to the net loss. The calculations of basic and diluted net income (loss) per share and basic and diluted weighted average shares outstanding are as follows (dollars and shares in thousands, except per share data):

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2012		2011		2012		2011
Net income (loss)	$	9,937	$	3,836	$	14,350	$	(7,900	)
Weighted average shares outstanding	93,512		93,902		93,470		93,983
Dilutive impact from:
Share-based payment awards	1,951		2,365		2,071		—
Dilutive weighted average shares outstanding	95,463		96,267		95,541		93,983
Income (loss) per share
Basic	$	0.11	$	0.04	$	0.15	$	(0.08	)
Dilutive	$	0.10	$	0.04	$	0.15	$	(0.08	)

The following potential common shares were excluded from the calculation of diluted weighted average shares outstanding because their effect would be anti-dilutive at the balance sheet date (shares in thousands):

	Three Months Ended		Six Months Ended
	December 31,		December 31,
	2012	2011	2012	2011
Employee equity awards	472	791	1,034	7,010