Note 6 - Net Loss Per Share

6 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

(6

)   Net Loss per share

Basic and diluted

net loss per share has been computed based on net loss and the weighted-average number of common shares outstanding during the applicable period. For diluted net loss per share, common stock equivalents (shares of common stock issuable upon the exercise of stock options and unvested restricted stock units) are excluded from the calculation as their inclusion would be anti-dilutive. The Company has excluded all anti-dilutive share-based awards to purchase common stock in periods indicating a loss, as their effect is anti-dilutive.

The following table

s set forth the computation of historical basic and diluted net loss per share.

	Three Months Ended   December 31 ,
	201 6			201 5
Net loss (in millions)	$	(9.1	)	$	(6.5	)
Weighted-average shares outstanding		38,640,487			38,636,946
Dilutive effect of restricted stock and stock options		-			-
Shares used to compute diluted earnings per share		38,640,487			38,636,946
Basic net loss per share	$	(0.24	)	$	(0.17	)
Diluted net loss per share	$	(0.24	)	$	(0.17	)
Number of anti-dilutive share-based awards excluded from computation		5,645,543			4,631,556

	Six Months Ended   December 31 ,
	201 6			201 5
Net loss (in millions)	$	(19.1	)	$	(13.2	)
Weighted-average shares outstanding		38,640,487			38,630,587
Dilutive effect of restricted stock and stock options		-			-
Shares used to compute diluted earnings per share		38,640,487			38,630,587
Basic net income (loss) per share	$	(0.49	)	$	(0.34	)
Diluted net loss  per share	$	(0.49	)	$	(0.34	)
Number of anti-dilutive share-based awards excluded from computation		5,645,543			4,619,210