Net Income (Loss) per Share

3 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Net Income (Loss) per Share

(5) Net Income (Loss) per Share

Basic net income per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed based on the weighted average number of common shares outstanding 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 share-based awards. The following table reconciles the numerators and denominators used in the computations of both basic and diluted net income per share (in thousands, except per share data):

	Three Months Ended  September 30,
	2014			2013
Numerator:
Amounts attributable to Astrotech Corporation, basic and diluted:
Loss from continuing operations, net of tax	$	(1,272	)	$	(926	)
Income from discontinued operations, net of tax		24,555			2,179
Net income attributable to Astrotech Corporation		23,283			1,253
State of Texas deemed dividend (Note 10)		(531	)		—
Net income attributable to Astrotech Corporation applicable to common shareholders	$	22,752		$	1,253
Denominator:
Denominator for basic net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding		19,548			19,470
Dilutive common stock equivalents — common stock options and share-based awards		—			—
Denominator for diluted net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding and dilutive common stock equivalents		19,548			19,470
Basic and dilutive net income (loss) per common share:
Net loss attributable to Astrotech Corporation from continuing operations	$	(0.09	)	$	(0.05	)
Net income from discontinued operations		1.25			0.11
Net income attributable to Astrotech Corporation applicable to common shareholders	$	1.16		$	0.06

Options to purchase 872,150 shares of common stock at exercise prices ranging from $0.32 to $14.30 per share outstanding for the three months ended September 30, 2014 were not included in diluted earnings per share, as the inclusion of the potential common shares would have had an anti-dilutive effect on loss from continuing operations. In addition, options to purchase 1,173,650 shares of common stock at exercise prices ranging from $0.32 to $24.10 per share outstanding for the three months ended September 30, 2013, were not included in diluted net income per share, as the impact to diluted net income per share is anti-dilutive.