(Loss) Income Per Share

9 Months Ended

Mar. 31, 2013

(Loss) Income Per Share [Abstract]

(Loss) Income Per Share

NOTE 3. (LOSS) INCOME PER SHARE

     Basic net (loss) income per share is computed by dividing the net (loss) income 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 (loss) income per diluted share is similar to basic net (loss) income 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, 2013, diluted loss per share equals basic loss per share as the assumed exercise of stock options, non-vested restricted stock and restricted stock units, and the assumed purchases under the employee stock purchase plan would have an anti-dilutive effect.

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

(Amounts in thousands, except per
share data)		Three Months Ended					Nine Months Ended
		March 31,			March 31,		March 31,	March 31,
		2013			2012		2013		2012
Basic
Net (loss) income	$	(1,273	)	$	2,191	$	45,720	$	53,794
Weighted average shares outstanding		29,607			29,116		29,658		29,017
Net (loss) income per basic share	$	(0.04	)	$	0.08	$	1.54	$	1.85
Diluted
Net (loss) income	$	(1,273	)	$	2,191	$	45,720	$	53,794
Weighted average shares outstanding		29,607			29,116		29,658		29,017
Potential common shares - treasury
method		-			953		840		980
Weighted average shares and potential
dilutive common shares		29,607			30,069		30,498		29,997
Net (loss) income per diluted share	$	(0.04	)	$	0.07	$	1.50	$	1.79

     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, 2013 and 2012 that were not included in the diluted net (loss) income 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,
	2013	2012		2013	2012
Number of shares	830		--	90	-