XML 22 R11.htm IDEA: XBRL DOCUMENT v3.3.1.900
NET INCOME (LOSS) PER SHARE
 6 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE 6. NET INCOME (LOSS) PER SHARE

 

The Company calculates basic net income (loss) per share by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. The weighted-average number of common shares outstanding reflects the effects of potentially dilutive securities, in income generating periods, which consist entirely of outstanding stock options.

 

Potential common shares of 27,683 have been excluded from diluted weighted average common shares for the three months ended December 31, 2014, as the effect would have been anti-dilutive. Similarly, potential common shares of 23,399 have been excluded from diluted weighted average common shares for the six months ended December 31, 2014, as the effect would have been anti-dilutive.

 

The following table presents reconciliations of the numerators and denominators of the basic and diluted earnings (loss) per share computations for net income (loss). In the tables below, income (loss) amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

 

    Three Months Ended
December 31,		     Six Months Ended
December 31,		  
    2015     2014     2015     2014  
Basic:                                
Income (loss) from continuing operations   $ 391     $ (202 )   $ 265     $ (383 )
Weighted average shares outstanding     4,143       4,170       4,142       4,190  
Basic income (loss) per share from continuing operations   $ 0.09     $ (0.05 )   $ 0.06     $ (0.09 )
                                 
Income from discontinued operations   $ —     $ 10     $ —     $ 21  
Weighted average shares outstanding     4,143       4,170       4,142       4,190  
Basic and diluted earnings per share from discontinued operations   $ 0.00     $ 0.00     $ 0.00     $ 0.00  
                                 
Net income (loss)   $ 391     $ (192 )   $ 265     $ (362 )
Weighted average shares outstanding     4,143       4,170       4,142       4,190  
Basic income (loss) per share   $ 0.09     $ (0.05 )   $ 0.06     $ (0.09 )

  

    Three Months Ended
December 31,		     Six Months Ended
December 31,		  
    2015     2014     2015     2014  
Diluted:                                
Income (loss) from continuing operations   $ 391     $ (202 )   $ 265     $ (383 )
Weighted average shares outstanding     4,143       4,170       4,142       4,190  
Effect of dilutive securities – stock options     22       —       19       —  
Weighted average shares used in calculation of diluted earnings per share     4,165       4,170       4,161       4,190  
Basic and diluted loss per share from continuing operations   $ 0.09     $ (0.05 )   $ 0.06     $ (0.09 )
                                 
Income from discontinued operations   $ —     $ 10     $ —     $ 21  
Weighted average shares outstanding     4,165       4,170       4,161       4,190  
Diluted earnings per share from discontinued operations   $ 0.00     $ 0.00     $ 0.00     $ 0.00  
                                 
Net income (loss)   $ 391     $ (192 )   $ 265     $ (362 )
Weighted average shares outstanding     4,165       4,170       4,161       4,190  
Diluted income (loss) per share   $ 0.09     $ (0.05 )   $ 0.06     $ (0.09 )