Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share (Tables)

v2.4.0.8
Earnings Per Common Share (Tables)
 3 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
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.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
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