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Net Income per Share
6 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Net Income per Share
Net Income (Loss) per Share
The following is a reconciliation of the numerator and denominator of basic and diluted net income (loss) per share of common stock:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
(10,666
)
 
$
2,983

 
$
(5,099
)
 
$
6,807

Allocation of earnings to participating securities

 
(44
)
 

 
(100
)
Numerator for basic EPS - Net income (loss) available to common stockholders
$
(10,666
)
 
$
2,939

 
$
(5,099
)
 
$
6,707

Effect of dilutive securities:
 
 
 
 
 
 
 
Dilutive effect to participating securities

 
1

 

 
3

Numerator for diluted EPS
$
(10,666
)
 
$
2,940

 
$
(5,099
)
 
$
6,710

Denominator:
 

 
 

 
 

 
 

Weighted-average common shares outstanding - basic
17,975,883

 
16,900,387

 
17,971,439

 
16,893,775

Effect of dilutive shares

 
543,757

 

 
497,629

Weighted-average common shares outstanding - diluted
17,975,883

 
17,444,144

 
17,971,439

 
17,391,404

Net income (loss) per share - basic
$
(0.59
)
 
$
0.17

 
$
(0.28
)
 
$
0.39

Net income (loss) per share - diluted
$
(0.59
)
 
$
0.17

 
$
(0.28
)
 
$
0.39


Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were no stock options that were anti-dilutive for the three months ended December 31, 2016. There were 46,500 stock options that were anti-dilutive for the six months ended December 31, 2016.