Income (Loss) Per Share

9 Months Ended

Mar. 31, 2012

Income (Loss) Per Share [Abstract]

Income (Loss) Per Share

NOTE 3. INCOME (LOSS) PER SHARE

     Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of the Company's outstanding common stock, $.01 par value per share ("Common Stock"). The calculation of net income (loss) per diluted share is similar to basic net income (loss) per share except that the denominator includes potentially dilutive Common Stock equivalents, such as stock options and non-vested restricted stock or restricted stock units. For the three months ended March 31, 2011, diluted loss per share equals basic loss per share as the assumed exercise of stock options, non-vested restricted stock and the assumed purchases under the employee stock purchase plan would have an anti-dilutive effect.

The following table represents the computation of net income (loss) per share:

(Amounts in thousands, except per
share data)	Three Months Ended					Nine Months Ended
	March 31, 2012		March 31, 2011			March 31, 2012		March 31, 2011
Basic
Net income (loss)	$	2,191	$	(3,251	)	$	53,794	$	35,594
Weighted average shares outstanding		29,116		28,130			29,017		27,543
Net income (loss) per basic share	$	0.08	$	(0.12	)	$	1.85	$	1.29
Diluted
Net income (loss)	$	2,191	$	(3,251	)	$	53,794	$	35,594
Weighted average shares outstanding		29,116		28,130			29,017		27,543
Potential common shares - treasury method		953		-			980		1,123
Weighted average shares and potential dilutive common shares		30,069		28,130			29,997		28,666
Net income (loss) per diluted share	$	0.07	$	(0.12	)	$	1.79	$	1.24

     The following table shows the number of Common Stock equivalents subject to option awards that were outstanding for the three and nine months ended March 31, 2012 and 2011 that were not included in the diluted net income (loss) per share calculation because to do so would have been anti-dilutive:

(Amounts in thousands)	Three Months Ended		Nine Months Ended
	March 31,	March 31,	March 31,	March 31,
	2012	2011	2012	2011
Number of shares	--	2,337	-	523