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Note 3 - (Loss) Per Common Share
12 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
NOTE
3
(LOSS)
PER COMMON SHARE
 
The following table presents the amounts used to compute basic and diluted (loss) per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding:
 
(In thousands, except per share data)
 
201
9
   
2018
 
BASIC
(LOSS)
PER SHARE
 
 
 
 
 
 
 
 
                 
Net (loss)
 
$
(16,339
)
  $
(19,541
)
                 
Weighted average shares outstanding during the period, net of treasury shares (a)
 
 
25,858
     
25,569
 
Weighted average vested restricted stock units outstanding
 
 
36
     
55
 
Weighted average shares outstanding in the Deferred Compensation Plan
 
 
215
     
242
 
                 
Weighted average shares outstanding
 
 
26,109
     
25,866
 
                 
Basic (loss) per share
 
$
(0.63
)
  $
(0.76
)
                 
DILUTED
(LOSS)
PER SHARE
 
 
 
 
 
 
 
 
                 
Net (loss)
 
$
(16,339
)
  $
(19,541
)
                 
                 
Weighted average shares outstanding - Basic
 
 
26,109
     
25,866
 
                 
Effect of dilutive securities (b):
               
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any
 
 
     
 
                 
Weighted average shares outstanding (c)
 
 
26,109
     
25,866
 
                 
Diluted (loss) per share
 
$
(0.63
)
  $
(0.76
)
 
(a)
 
Includes shares accounted for like treasury stock.
 
 
 
(b)
 
Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.
 
   
(c)
 
Options to purchase 
3,555,530
common shares and
2,802,420
 common shares at
June 
30,
2019
and 
2018,
respectively, were
not
included in the computation of diluted (loss) per share because the exercise price was greater than the average fair market value of the common shares. For the years ended
June 30, 2019
and
June 30, 2018
the effect of dilutive securities was
not
included in the calculation of diluted loss per share because there was a net operating loss for the period.