CALCULATION OF EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2014

Calculation of Earnings per Share [Abstract]

Calculation of Earnings per Share

NOTE 8. CALCULATION OF EARNINGS PER SHARE

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income or loss by the weighted-average number of common shares outstanding plus additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the purposes of this calculation, stock options are considered common equivalents in periods in which they have a dilutive effect. Stock options that are anti-dilutive are excluded from the calculation.

The following table presents the computation basic and diluted net loss per share attributable to common shareholders (in thousands, except per share data):  

	Three Months Ended
	December 31,
	2014		2013
Net loss	$	(36,876)	$	(5,614)
Weighted-average number of common shares outstanding		11,136		8,533
Net loss per share	$	(3.31)	$	(0.66)

For the three months ended December 31, 2014 and 2013 all common stock equivalents in the respective periods were anti-dilutive as a result of the Company’s net loss position, and as such, 222,134 shares and 1,929 shares, respectively, have not been included in the calculation of basic or diluted net loss per share.