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Net Income (loss) per Share
9 Months Ended
Mar. 31, 2012
Net Income (loss) per Share [Abstract]  
Net Income (loss) per Share

(4) Net Income (loss) per Share

Basic net income (loss) per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method and the if-converted method. Dilutive potential common shares include outstanding stock options and shared-based awards. Reconciliation and the components of basic and diluted net income (loss) per share are as follows (in thousands, except per share data):

 

                                 
    Three Months Ended     Nine Months Ended  
    March 31,     March 31,  
    2012     2011     2012     2011  

Numerator:

                               

Net income (loss)attributable to Astrotech Corporation, basic and diluted

  $ 1,014     $ (446 )   $ (1,438 )   $ (3,171 )
   

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

                               

Denominator for basic net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding

    18,764       17,958       18,448       17,744  
   

 

 

   

 

 

   

 

 

   

 

 

 

Dilutive common stock equivalents — common stock options and share-based awards

    388       —         —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Denominator for diluted net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding and dilutive common stock equivalents

    19,152       17,958       18,448       17,744  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic net income (loss) per share attributable to Astrotech Corporation

  $ 0.05     $ (0.02 )   $ (0.08 )   $ (0.18 )

Diluted net income (loss) per share attributable to Astrotech Corporation

  $ 0.05     $ (0.02 )   $ (0.08 )   $ (0.18 )
   

 

 

   

 

 

   

 

 

   

 

 

 

Options to purchase 794,100 shares of common stock at exercise prices ranging from $0.71 to $24.10 per share outstanding, for the three months ended March 31, 2012, were not included in diluted net income (loss) per share, as the impact to net income (loss) per share is anti-dilutive. Options to purchase 1,147,850 shares of common stock at exercise prices ranging from $0.30 to $24.10 per share outstanding, for the nine months ended March 31, 2012, were not included in diluted net income (loss) per share, as the impact to net income (loss) per share is anti-dilutive. Options to purchase 377,350 shares of common stock at exercise prices ranging from $0.30 to $24.00 per share outstanding for the three and nine months ended March 31, 2011, were not included in diluted net income (loss) per share as the impact to net income (loss) per share is anti-dilutive.