XML 20 R10.htm IDEA: XBRL DOCUMENT v3.22.2.2
(Loss) Earnings Per Share
3 Months Ended
Sep. 30, 2022
(Loss) Earnings Per Share  
(Loss) Earnings Per Share

3. (LOSS) EARNINGS PER SHARE

Basic net (loss) income per 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 share.

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

Three Months Ended

September 30, 

2022

2021

Net (loss) income

    

$

(16)

    

$

551

Per share information:

(Loss) Earnings per share:

Basic

$

(0.00)

$

0.02

Diluted

$

(0.00)

$

0.02

Weighted-average shares used in computation:

Basic

 

31,933

 

31,280

Effect of dilutive options

1,482

Diluted

 

31,933

 

32,762

Weighted-average shares of stock options to purchase 3,707,271 and 1,372,400 shares of common stock for the three months ended September 30, 2022 and 2021, respectively, were not included in the computation of diluted net (loss) income per share due to their anti-dilutive effect. Such securities could have a dilutive effect in future periods.