Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share (Tables)

v2.4.0.8
Earnings Per Common Share (Tables)
 6 Months Ended
Dec. 31, 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
 
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.
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
 
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

 
—