EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2015

Net (loss) income from continuing operations available to common shareholders and net (loss) income from continuing operations for the diluted earnings per share under the if-converted method was the same for all periods presented. Interest on the convertible debt was excluded from net (loss) income from continuing operations for diluted earnings per share as the convertible debt was not dilutive.

The following table sets forth a reconciliation of shares used in the computation of basic and diluted earnings per share:



	Fiscal Years
	2015	2014	2013
	(Shares in thousands)
Weighted average shares for basic earnings per share	54,992	56,482	56,704
Effect of dilutive securities:
Dilutive effect of stock-based compensation(1)	—	—	142
Weighted average shares for diluted earnings per share	54,992	56,482	56,846

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(1)	For fiscal year 2015 and 2014, 251,763 and 119,750 common stock equivalents of potentially dilutive common stock were not included in the diluted earnings per share calculation due to the net loss from continuing operations.

The computation of weighted average shares outstanding, assuming dilution, excluded 1,948,507, 1,799,352 and 1,593,228 of equity-based compensation awards during the fiscal years 2015, 2014 and 2013, respectively. These amounts were excluded because they were not dilutive under the treasury stock method. The computation of weighted average shares outstanding, assuming dilution also excluded 465,055, 11,307,605 and 11,260,261 of shares from convertible debt for fiscal years 2015, 2014 and 2013, respectively. These amounts were excluded as they were not dilutive.