| Schedule of Earnings Per Share, Basic and Diluted |
The following table summarizes the computation of basic and diluted earnings (loss) per share:
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THREE MONTHS ENDED |
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SIX MONTHS ENDED |
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December 31, |
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December 31, |
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2016 |
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2015 |
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2016 |
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2015 |
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(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 |
) |
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|
Basic weighted average shares outstanding |
5,879,610 |
|
|
5,757,533 |
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|
5,858,177 |
|
|
5,730,157 |
|
Add: dilutive effects of convertible preferred stock |
— |
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— |
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— |
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|
— |
|
Diluted weighted average common shares outstanding |
5,879,610 |
|
|
5,757,533 |
|
|
5,858,177 |
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|
5,730,157 |
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Basic and diluted earnings (loss) per common share: |
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|
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) |
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| 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:
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THREE MONTHS ENDED |
|
SIX MONTHS ENDED |
|
December 31, |
|
December 31, |
|
2016 |
|
2015 |
|
2016 |
|
2015 |
In-the-money stock options |
— |
|
|
— |
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|
— |
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|
— |
|
Common shares issuable upon conversion of Series A Preferred Stock |
— |
|
|
2,690,553 |
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|
492,921 |
|
|
2,667,415 |
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Total |
— |
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2,690,553 |
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|
492,921 |
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2,667,415 |
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