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NET INCOME (LOSS) PER SHARE
 6 Months Ended
Dec. 31, 2017
Basic net income per share:  
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.


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,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations 

 

$

345

 

 

$

3,135

 

 

$

973

 

 

$

3,422

 

Weighted average shares outstanding

 

 

4,359

 

 

 

4,057

 

 

 

4,255

 

 

 

4,060

 

Basic income per share from continuing operations

 

$

0.08

 

 

$

0.77

 

 

$

0.23

 

 

$

0.84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from discontinued operations

 

$

—

 

 

$

59

 

 

$

—

 

 

$

58

 

Weighted average shares outstanding

 

 

4,359

 

 

 

4,057

 

 

 

4,255

 

 

 

4,060

 

Basic and diluted earnings per share from discontinued operations

 

$

0.00

 

 

$

0.02

 

 

$

0.00

 

 

$

0.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income 

 

$

345

 

 

$

3,194

 

 

$

973

 

 

$

3,480

 

Weighted average shares outstanding

 

 

4,359

 

 

 

4,057

 

 

 

4,255

 

 

 

4,060

 

Basic income per share 

 

$

0.08

 

 

$

0.79

 

 

$

0.23

 

 

$

0.85

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations 

 

$

345

 

 

$

3,135

 

 

$

973

 

 

$

3,422

 

Weighted average shares outstanding

 

 

4,359

 

 

 

4,057

 

 

 

4,255

 

 

 

4,060

 

Effect of dilutive securities – stock options

 

 

41

 

 

 

35

 

 

 

40

 

 

 

38

 

Weighted average shares used in calculation of diluted earnings per share

 

 

4,400

 

 

 

4,092

 

 

 

4,295

 

 

 

4,098

 

Diluted loss per share from continuing operations

 

$

0.08

 

 

$

0.77

 

 

$

0.23

 

 

$

0.84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from discontinued operations

 

$

—

 

 

$

59

 

 

$

—

 

 

$

58

 

Weighted average shares outstanding

 

 

4,400

 

 

 

4,092

 

 

 

4,295

 

 

 

4,098

 

Diluted earnings per share from discontinued operations

 

$

0.00

 

 

$

0.01

 

 

$

0.00

 

 

$

0.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income 

 

$

345

 

 

$

3,194

 

 

$

973

 

 

$

3,480

 

Weighted average shares outstanding

 

 

4,400

 

 

 

4,092

 

 

 

4,295

 

 

 

4,098

 

Diluted income per share 

 

$

0.08

 

 

$

0.78

 

 

$

0.23

 

 

$

0.85