Annual report pursuant to Section 13 and 15(d)

Loss Per Share (Tables)

v3.5.0.2
Loss Per Share (Tables)
 12 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Loss Per Share, Basic and Diluted
The following table summarizes the computation of basic and diluted loss per share for the fiscal years ended:
 
June 30,
 
2016
 
2015
 
(In thousands, except share and per share amounts)
Loss from continuing operations, net of tax
$
(3,328
)
 
$
(21,596
)
Preferred stock dividend
(1,858
)
 
(1,740
)
Adjustment of preferred stock to redemption value (Note 12)
4,207

 
—

Net loss from continuing operations, including preferred stock dividends and adjustment to redemption value of preferred stock
(979
)
 
(23,336
)
Net loss from discontinued operations
(14,249
)
 
(21,404
)
Net loss attributable to common stockholders
$
(15,228
)
 
$
(44,740
)
 
 
 
 
Basic weighted-average shares outstanding
5,746,307

 
5,710,288

Add: dilutive effects of in-the-money stock options and convertible preferred stock (1)
—

 
—

Diluted weighted-average common shares outstanding
5,746,307

 
5,710,288

 
 
 
 
Basic and diluted loss per common share:
 
 
 
Net loss from continuing operations, including preferred stock dividends and adjustment to redemption value of preferred stock
$(0.17)
 
$(4.09)
Net loss from discontinued operations
$(2.48)
 
$(3.75)
Net loss attributable to common stockholders
$(2.65)
 
$(7.83)
(1) All diluted earnings per share calculations are dictated by the results from continuing operations; accordingly there were no dilutive effects on earnings per share in the periods presented since all such periods had a net loss from continuing operations.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
Potentially dilutive securities excluded from the calculation of diluted shares outstanding in fiscal years with net losses from continuing operations are as follows:
 
June 30,
 
2016
 
2015
In-the-money stock options
—

 
27,673

Common shares issuable upon conversion of Series A Preferred Stock
2,714,503

 
2,543,312

Total
2,714,503

 
2,570,985