Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
 12 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Schedule of (Loss) Earnings Per Share, Basic and Diluted
The following table summarizes the computation of basic and diluted earnings (loss) per share for the fiscal years ended:
 
June 30,
 
2014
 
2013
 
(In thousands, except share and per share amounts)
Loss from continuing operations
$
(10,042
)
 
$
(16,829
)
Preferred stock dividend
(1,696
)
 
(722
)
Net loss from continuing operations, net of dividends attributable to preferred stock
(11,738
)
 
(17,551
)
Net income (loss) from discontinued operations
25,551

 
(2,938
)
Net income (loss) attributable to common stockholders
$
13,813

 
$
(20,489
)
 
 
 
 
Basic weighted-average shares outstanding
45,348,840

 
49,642,083

Add: dilutive effects of in-the-money stock options and non-vested restricted stock grants (1)
—

 
—

Diluted weighted-average common shares outstanding
45,348,840

 
49,642,083

 
 
 
 
Basic net (loss) earnings per common share:
 
 
 
Net loss from continuing operations, net of dividends attributable to preferred stock (2)
$(0.26)
 
$(0.35)
Net income (loss) from discontinued operations
$0.56
 
$(0.06)
Net income (loss) attributable to common stockholders
$0.30
 
$(0.41)
 
 
 
 
Diluted net (loss) earnings per common share

 

Net loss from continuing operations, net of dividends attributable to preferred stock (2)
$(0.26)
 
$(0.35)
Net income (loss) from discontinued operations
$0.56
 
$(0.06)
Net income (loss) attributable to common stockholders
$0.30
 
$(0.41)
(1) All diluted earnings per share calculations are dictated by the results from continuing operations, accordingly there was no dilutive effect on earnings per share in the periods presented.
(2) Loss from continuing operations is reduced by the contractual amount of Preferred stock dividends that must be expensed for the current period.