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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2015
Accounting Policies [Abstract] |
Components of inventory | As of June 30, 2015 and 2014, inventory consisted of (in thousands):
| June 30,
| 2015 |  | 2014
Finished goods | $ | 5,783 |  |  | $ | 4,749 |
Raw materials | 3,465 |  |  | 4,077 |
Total inventory | $ | 9,248 |  |  | $ | 8,826 |
Property and equipment | Property and equipment are recorded at cost and depreciated using the straight-line method over the following useful lives:
| Years
Equipment (includes computer hardware and software) | 3
Furniture and fixtures | 5
Leasehold improvements | *
Vehicles | 5
*Leasehold improvements are depreciated over the shorter of estimated useful life of the related asset or the lease term. Property and equipment consist of (in thousands):
| June 30,
| 2015 |  | 2014
Equipment (includes computer hardware and software) | $ | 6,895 |  |  | $ | 6,354 |
Furniture and fixtures | 1,481 |  |  | 1,428 |
Leasehold improvements | 3,324 |  |  | 3,095 |
Vehicles | 51 |  |  | 142 |
Accumulated depreciation | (5,992 | ) |  | (4,078 | )
Total property and equipment, net | $ | 5,759 |  |  | $ | 6,941 |
Reconciliation of earnings per share and the weighted-average common shares outstanding for purposes of computing basic and diluted net income per share | The following is a reconciliation of earnings per share and the weighted-average common shares outstanding for purposes of computing basic and diluted net income per share (in thousands, except per share amounts):
| Years ended June 30,
| 2015 |  | 2014 |  | 2013
Numerator: |  |  |  |  |
Net income | $ | 6,987 |  |  | $ | 11,383 |  |  | $ | 7,608 |
Denominator: |  |  |  |  |
Basic weighted-average common shares outstanding | 97,293 |  |  | 105,791 |  |  | 112,276 |
Effect of dilutive securities: |  |  |  |  |
Stock awards and options | 1,264 |  |  | 2,652 |  |  | 3,832 |
Warrants | 495 |  |  | 3,156 |  |  | 6,780 |
Diluted weighted-average common shares outstanding | 99,052 |  |  | 111,599 |  |  | 122,888 |
Basic | $ | 0.07 |  |  | $ | 0.11 |  |  | $ | 0.07 |
Diluted | $ | 0.07 |  |  | $ | 0.10 |  |  | $ | 0.06 |
Revenues from unaffiliated customers by geographic regions and significant geographic area | Revenues by geographic area are as follows (in thousands):
| Years ended June 30,
| 2015 |  | 2014 |  | 2013
Americas | $ | 138,118 |  |  | $ | 141,227 |  |  | $ | 133,046 |
Asia/Pacific | 52,218 |  |  | 72,741 |  |  | 75,132 |
Total revenues | $ | 190,336 |  |  | $ | 213,968 |  |  | $ | 208,178 |
Additional information as to the Company’s revenue from operations in the most significant geographical areas is set forth below (in thousands):
| Years ended June 30,
| 2015 |  | 2014 |  | 2013
United States | $ | 132,831 |  |  | $ | 136,758 |  |  | $ | 131,508 |
Japan | $ | 41,428 |  |  | $ | 61,872 |  |  | $ | 69,492 |
Revenues by major product line | The following table shows revenues by major product line for the years ended June 30, 2015, 2014 and 2013.
| For the years ended June 30,
| 2015 |  | 2014 |  | 2013
Protandim® | $ | 120,967 |  |  | 63.6 | % |  | $ | 142,935 |  |  | 66.8 | % |  | $ | 138,996 |  |  | 66.8 | %
LifeVantage TrueScience® skin care regimen | 38,287 |  |  | 20.1 | % |  | 46,474 |  |  | 21.7 | % |  | 42,229 |  |  | 20.3 | %
Other | 31,082 |  |  | 16.3 | % |  | 24,559 |  |  | 11.5 | % |  | 26,953 |  |  | 12.9 | %
Total | $ | 190,336 |  |  | 100.0 | % |  | $ | 213,968 |  |  | 100.0 | % |  | $ | 208,178 |  |  | 100.0 | %

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