BASIC AND DILUTED NET EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2015

BASIC AND DILUTED NET EARNINGS PER SHARE [Abstract]

BASIC AND DILUTED NET EARNINGS PER SHARE

NOTE 11:- BASIC AND DILUTED NET EARNINGS PER SHARE

Basic net earnings per share is computed by dividing the net earnings by the weighted-average number of shares of common stock outstanding during the period.

The total weighted average number of shares of common stock related to the outstanding stock options, convertible preferred stock and warrants to purchase convertible preferred stock and common stock, excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect, was 19,418 and 29,015,225 for the six months ended December 31, 2015 (unaudited) and 2014 (unaudited), respectively.

Basic and diluted earnings per share is presented in conformity with the two-class method for participating securities for the periods prior to their conversion. Under this method, the earnings per share for each class of shares are calculated assuming 100% of the Company's earnings are distributed as dividends to each class of shares based on their contractual rights.

The following table presents the computation of basic and diluted net earnings per share for the periods presented:

	Three months ended December 31,						Six months ended December 31,
		2015		2014			2015		2014
		(unaudited)					(unaudited)
Numerator:
Net income			24,105		3,375			38,537		5,895
Dividends accumulated for the period			-		(3,375	)		-		(5,895	)
Net income available to holders of common stock			24,105		-			38,537		-
Denominator:
Shares used in computing net earnings per share of common stock, basic			39,511,967		2,815,694			39,406,797		2,814,188
Numerator:
Net income			24,105		3,375			38,537		5,895
Dividends accumulated for the period			-		(3,375	)		-		(5,895	)
Net income available to holders of common stock			24,105		-			38,537		-
Denominator:
Shares used in computing net earnings per share of common stock, diluted			44,007,348		2,815,694			44,231,660		2,814,188