Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Common Share (Tables)

v3.5.0.2
Earnings (Loss) Per Common Share (Tables)
 3 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table summarizes the computation of basic and diluted earnings (loss) per share:
 
THREE MONTHS ENDED
 
September 30,
 
2016
 
2015
 
(In thousands, except share and per share amounts)
Loss from continuing operations, net of tax
$
(2,195
)
 
$
(2,040
)
Preferred stock dividend
(162
)
 
(452
)
Adjustment of preferred stock to redemption value (Note 12)
162

 
—

Net loss from continuing operations, including preferred stock dividends and gain on redemption of preferred stock
(2,195
)
 
(2,492
)
Net income (loss) from discontinued operations
830

 
(1,011
)
Net loss attributable to common stockholders
$
(1,365
)
 
$
(3,503
)
 
 
 
 
Basic weighted average shares outstanding
5,836,744

 
5,702,780

Add: dilutive effects of convertible preferred stock
—

 
—

Diluted weighted average common shares outstanding
5,836,744

 
5,702,780

 
 
 
 
Basic and diluted earnings (loss) per common share:
 
 
 
Net loss from continuing operations, including preferred stock dividends and adjustment to redemption value of preferred stock
$(0.38)
 
$(0.44)
Net income (loss) from discontinued operations
$0.14
 
$(0.18)
Net loss attributable to common stockholders
$(0.23)
 
$(0.61)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Potentially dilutive securities excluded from the calculation of diluted shares outstanding are as follows:
 
THREE MONTHS ENDED
 
September 30,
 
2016
 
2015
In-the-money stock options
—

 
—

Common shares issuable upon conversion of Series A Preferred Stock
2,834,293

 
2,690,553

Total
2,834,293

 
2,690,553