Earnings (Loss) Per Share

6 Months Ended

Dec. 31, 2016

Note 3. Earnings (Loss) Per Share

Basic earnings (loss) and diluted net loss per share are computed using the weighted-average number of shares of common stock outstanding during the period, less any shares subject to repurchase or forfeiture. There were no shares of common stock subject to repurchase or forfeiture for the three and six months ended December 31, 2016 and 2015. Diluted earnings per share is computed based on the sum of the weighted average number of common shares and potentially dilutive common shares outstanding during the period. The following table presents the calculation of weighted average shares used to calculate basic and diluted earnings (loss) per share:


	Three Months Ended December 31,				Six Months Ended December 31,
	2016		2015		2016		2015
Weighted average shares outstanding		37,172,428		34,422,663		36,459,898		34,378,460
Effect of potentially dilutive common shares from equity awards		44,104		—		41,236		—

Weighted average shares used in calculating diluted earnings per share		37,216,532		34,422,663		36,501,134		34,378,460

Potentially dilutive shares shares excluded from calculation due to anti-dilutive effect		7,915,440		6,575,964		7,714,902		6,484,200