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Net Income (Loss) per Common Share
 9 Months Ended
Mar. 31, 2014
Net Income (Loss) per Common Share

Note 2. Net Income (Loss) per Common Share

Basic net income (loss) per common share is computed using the weighted-average number of shares of common stock outstanding. In periods where net income is reported, the weighted–average number of shares outstanding is increased by warrants and options in the money to calculate diluted net income per common share.

The following table represents the calculation of basic and diluted net income (loss) per common share (unaudited, in thousands, except per share data):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

March 31,

 

 

March 31,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Net income (loss) applicable to common stockholders

$

(1,007

)

 

$

1,030

 

 

$

(4,228

)

 

$

(1,213

)

Basic net income (loss) per common stock

$

(0.04

)

 

$

0.04

 

 

$

(0.17

)

 

$

(0.05

)

Weighted-average common shares used in computing basic net income (loss) per common share

 

25,418

 

 

 

24,889

 

 

 

25,316

 

 

 

24,690

 

Effect of dilutive options

 

—

 

 

 

1,484

 

 

 

—

 

 

 

—

 

Weighted-average common shares used in computing diluted net income (loss) per common share

 

25,418

 

 

 

26,373

 

 

 

25,316

 

 

 

24,690

 

Diluted net income (loss) per common stock

$

(0.04

)

 

$

0.04

 

 

$

(0.17

)

 

$

(0.05

)

 

Weighted average shares of stock options to purchase 2,152,759 and 2,191,672 shares of common stock for the three and nine months ended March 31, 2014 and 132,927 and 2,558,048 shares of common stock for the three and nine months ended March 31, 2013 were not included in the computation of diluted net income (loss) per common share due to their anti-dilutive effect. Such securities could have a dilutive effect in future periods.