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Net Income (Loss) Per Common Share
 9 Months Ended
Mar. 31, 2022
Net Income (Loss) Per Common Share  
Net Income per Common Share

3. NET (LOSS) INCOME PER COMMON SHARE

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Basic net (loss) income 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 is increased by stock options in the money to calculate diluted net income per common share.

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

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Three Months Ended

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Nine Months Ended

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March 31, 

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March 31, 

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2022

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2021

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2022

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2021

Net (loss) income

    

$

(615)

    

$

1,261

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$

(890)

    

$

4,911

Per share information:

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(Loss) Earnings per share:

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Basic

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$

(0.02)

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$

0.04

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$

(0.03)

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$

0.16

Diluted

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$

(0.02)

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$

0.04

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$

(0.03)

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$

0.15

Weighted-average shares used in computation:

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Basic

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31,647

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31,068

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31,451

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30,962

Effect of dilutive options

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—

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1,550

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—

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1,684

Diluted

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31,647

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32,618

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31,451

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32,646

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Weighted-average shares of stock options to purchase 3,421,485 and 322,088 shares of common stock for the three months ended March 31, 2022 and 2021, respectively, and weighted-average shares of stock options to purchase 2,717,101 and 283,600 shares of common stock for the nine months ended March 31, 2022 and 2021, respectively, were not included in

the computation of diluted net (loss) income per common share due to their anti-dilutive effect. Such securities could have a dilutive effect in future periods.