Earnings (Loss) Per Common Share

6 Months Ended

Dec. 31, 2011

Earnings (Loss) Per Common Share

Note 9. Earnings (Loss) Per Common Share

The following table sets forth the calculation of basic and diluted net loss per common share:

	Three Months Ended December 31,						Six Months Ended December 31,
(In thousands, except share and per share data)	2011			2010			2011			2010
	(Unaudited)
Net loss attributable to common stockholders - basic	$	(4,094	)	$	(8,862	)	$	(11,638	)	$	(18,681	)
Effect of dilutive securities:
Net loss attributable to nonvested restricted stockholders		(16	)		(50	)		(56	)		(104	)
Total net loss	$	(4,110	)	$	(8,912	)	$	(11,694	)	$	(18,785	)
Weighted average common shares outstanding — basic		15,247,215			15,078,026			15,214,712			15,050,644
Effect of dilutive securities:
Shares issuable under stock options		—			—			—			—
Weighted average common shares outstanding — diluted		15,247,215			15,078,026			15,214,712			15,050,644
Net loss per common share — basic	$	(0.27	)	$	(0.59	)	$	(0.77	)	$	(1.25	)
Net loss per common share — diluted	$	(0.27	)	$	(0.59	)	$	(0.77	)	$	(1.25	)