Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v2.4.0.8
Earnings Per Common Share
 3 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Common Share
Note 9 - Earnings Per Common Share
The following table summarizes the computation of basic and diluted earnings per share:
 
THREE MONTHS ENDED
 
September 30,
 
2013
 
2012
 
(In thousands, except share and per share amounts)
NET LOSS AFTER INCOME TAX
$
(4,835
)
 
$
(5,310
)
Preferred stock dividend
(415
)
 
—

NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS
$
(5,250
)
 
$
(5,310
)
 
 
 
 
Basic weighted average shares outstanding
45,348,840

 
53,849,181

Net loss per basic and diluted share outstanding (1)
$(0.12)
 
$(0.10)
(1) There is no dilutive effect on earnings per share in periods with net losses.
Potentially dilutive securities excluded from the calculation of diluted shares outstanding include the following:
 
THREE MONTHS ENDED
 
September 30,
 
2013
 
2012
Stock options
157,500

 
75,000