Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Common Share

v3.6.0.2
Earnings (Loss) Per Common Share
6 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share
Note 14 - Earnings (Loss) Per Common Share
The following table summarizes the computation of basic and diluted earnings (loss) per share:
 
THREE MONTHS ENDED
 
SIX MONTHS ENDED
 
December 31,
 
December 31,
 
2016

2015
 
2016
 
2015
 
 
 
 
 
(In thousands, except share and per share amounts)
Loss from continuing operations, net of tax
$
(531
)
 
$
(1,007
)
 
$
(2,726
)
 
$
(3,046
)
Preferred stock dividend

 
(460
)
 
(162
)
 
(913
)
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
(531
)
 
(1,467
)
 
(2,726
)
 
(3,959
)
Net income (loss) from discontinued operations
4

 
(362
)
 
834

 
(1,373
)
Net loss attributable to common stockholders
$
(527
)
 
$
(1,829
)
 
$
(1,892
)
 
$
(5,332
)
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
5,879,610

 
5,757,533

 
5,858,177

 
5,730,157

Add: dilutive effects of convertible preferred stock

 

 

 

Diluted weighted average common shares outstanding
5,879,610

 
5,757,533

 
5,858,177

 
5,730,157

 
 
 
 
 
 
 
 
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
$(0.09)
 
$(0.25)
 
$(0.47)
 
$(0.69)
Net income (loss) from discontinued operations
$0.00
 
$(0.06)
 
$0.14
 
$(0.24)
Net loss attributable to common stockholders
$(0.09)
 
$(0.32)
 
$(0.32)
 
$(0.93)
There is no dilutive effect on earnings (loss) per share in periods with net losses from continuing operations. Stock options and shares of common stock issuable upon the conversion of the Series A Preferred Stock were not considered in the calculations of diluted weighted average common shares outstanding, as they would be anti-dilutive. Potentially dilutive securities excluded from the calculation of diluted shares outstanding are as follows:
 
THREE MONTHS ENDED
 
SIX MONTHS ENDED
 
December 31,
 
December 31,
 
2016
 
2015
 
2016
 
2015
In-the-money stock options

 

 

 

Common shares issuable upon conversion of Series A Preferred Stock

 
2,690,553

 
492,921

 
2,667,415

Total

 
2,690,553

 
492,921

 
2,667,415