Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v2.4.0.8
Earnings Per Common Share
 6 Months Ended
Dec. 31, 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
 
SIX MONTHS ENDED
 
December 31,
 
December 31,
 
2013
 
2012
 
2013
 
2012
 
(In thousands, except share and per share amounts)
NET LOSS AFTER INCOME TAX
$
(4,112
)
 
$
(7,285
)
 
$
(8,947
)
 
$
(12,594
)
Preferred stock dividend
(421
)
—

—

 
(836
)
 
—

NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS
$
(4,533
)
 
$
(7,285
)
 
$
(9,783
)
 
$
(12,594
)
 
 
 
 
 
 
 
 
Basic and diluted weighted average shares outstanding (1)
45,348,709

 
53,860,337

 
45,348,774

 
53,854,759

Net loss per basic and diluted share outstanding (1)
$(0.10)
 
$(0.14)
 
$(0.22)
 
$(0.23)
(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
 
SIX MONTHS ENDED
 
December 31,
 
December 31,
 
2013
 
2012
 
2013
 
2012
In-the-money stock options
157,500

 
—

 
157,500

 
—

Non-vested restricted stock
900,000

 
—

 
900,000

 
—

Total
1,057,500

 
—

 
1,057,500

 
—