XML 23 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 6 - Net Loss Per Share
9 Months Ended
Mar. 31, 2017
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 tables set forth the computation of historical basic and diluted net loss per share.
 
   
Three Months Ended

March 31
,
 
   
2017
   
2016
 
                 
Net loss (in millions)
  $
(4.4
)
  $
(5.2
)
Weighted-average shares outstanding
   
38,647,487
     
38,640,254
 
Dilutive effect of restricted stock and stock options
 
 
-
     
-
 
Shares used to compute diluted earnings per share
   
38,647,487
     
38,640,254
 
Basic net loss per share
  $
(0.11
)
  $
(0.14
)
Diluted net loss per share
  $
(0.11
)
  $
(0.14
)
Number of anti-dilutive share-based awards excluded from computation
   
6,635,527
     
4,639,959
 
 
   
Nine Months Ended

March 31
,
 
   
2017
   
2016
 
                 
Net loss (in millions)
  $
(23.5
)
  $
(18.4
)
Weighted-average shares outstanding
   
38,642,786
     
38,633,786
 
Dilutive effect of restricted stock and stock options
 
 
-
     
-
 
Shares used to compute diluted earnings per share
   
38,642,786
     
38,633,786
 
Basic net loss per share
  $
(0.61
)
  $
(0.48
)
Diluted net loss per share
  $
(0.61
)
  $
(0.48
)
Number of anti-dilutive share-based awards excluded from computation
   
6,635,527
     
4,639,959