Quarterly report pursuant to Section 13 or 15(d)

Loss Per Common Share (Tables)

v2.4.0.8
Loss Per Common Share (Tables)
 3 Months Ended
Sep. 30, 2014
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,
 
2014
 
2013
 
(In thousands, except share and per share amounts)
Loss from continuing operations
$
(2,627
)
 
$
(3,681
)
Preferred stock dividend
(430
)
 
(415
)
Net loss from continuing operations, including preferred stock dividends
(3,057
)
 
(4,096
)
Net loss from discontinued operations
—

 
(1,154
)
Net loss attributable to common stockholders
$
(3,057
)
 
$
(5,250
)
 
 
 
 
Basic weighted average shares outstanding
45,652,994

 
45,348,840

Add: dilutive effects of in-the-money stock options and non-vested restricted stock grants (1)
—

 
—

Diluted weighted average common shares outstanding
45,652,994

 
45,348,840

 
 
 
 
Basic loss per common share:
 
 
 
Net loss from continuing operations, including preferred stock dividends
$(0.07)
 
$(0.09)
Net loss from discontinued operations
$0.00
 
$(0.03)
Net loss attributable to common stockholders
$(0.07)
 
$(0.12)
 
 
 
 
Diluted loss per common share:
 
 
 
Net loss from continuing operations, including preferred stock dividends
$(0.07)
 
$(0.09)
Net loss from discontinued operations
$0.00
 
$(0.03)
Net loss attributable to common stockholders
$(0.07)
 
$(0.12)
(1) All diluted earnings per share calculations are dictated by the results from continuing operations. Accordingly there were no dilutive effects on loss per share in the periods presented.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Potentially dilutive securities excluded from the calculation of diluted shares outstanding in periods with net losses are as follows:
 
THREE MONTHS ENDED
 
September 30,
 
2014
 
2013
In-the-money stock options
6,885,105

 
157,500

Non-vested restricted stock
200,000

 
—

Convertible preferred stock
20,089,436

 
19,743,917

Total
27,174,541

 
19,901,417