Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Components of inventory

As of June 30, 2015 and 2014, inventory consisted of (in thousands):

	June 30,
	2015		2014
Finished goods	$	5,783	$	4,749
Raw materials	3,465		4,077
Total inventory	$	9,248	$	8,826

Property and equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following useful lives:

	Years
Equipment (includes computer hardware and software)	3
Furniture and fixtures	5
Leasehold improvements	*
Vehicles	5

*Leasehold improvements are depreciated over the shorter of estimated useful life of the related asset or the lease term.

Property and equipment consist of (in thousands):

	June 30,
	2015			2014
Equipment (includes computer hardware and software)	$	6,895		$	6,354
Furniture and fixtures	1,481			1,428
Leasehold improvements	3,324			3,095
Vehicles	51			142
Accumulated depreciation	(5,992		)	(4,078		)
Total property and equipment, net	$	5,759		$	6,941

Reconciliation of earnings per share and the weighted-average common shares outstanding for purposes of computing basic and diluted net income per share

The following is a reconciliation of earnings per share and the weighted-average common shares outstanding for purposes of computing basic and diluted net income per share (in thousands, except per share amounts):

	Years ended June 30,
	2015		2014		2013
Numerator:
Net income	$	6,987	$	11,383	$	7,608
Denominator:
Basic weighted-average common shares outstanding	97,293		105,791		112,276
Effect of dilutive securities:
Stock awards and options	1,264		2,652		3,832
Warrants	495		3,156		6,780
Diluted weighted-average common shares outstanding	99,052		111,599		122,888
Basic	$	0.07	$	0.11	$	0.07
Diluted	$	0.07	$	0.10	$	0.06

Revenues from unaffiliated customers by geographic regions and significant geographic area

Revenues by geographic area are as follows (in thousands):

	Years ended June 30,
	2015		2014		2013
Americas	$	138,118	$	141,227	$	133,046
Asia/Pacific	52,218		72,741		75,132
Total revenues	$	190,336	$	213,968	$	208,178

Additional information as to the Company’s revenue from operations in the most significant geographical areas is set forth below (in thousands):

	Years ended June 30,
	2015		2014		2013
United States	$	132,831	$	136,758	$	131,508
Japan	$	41,428	$	61,872	$	69,492

Revenues by major product line

The following table shows revenues by major product line for the years ended June 30, 2015, 2014 and 2013.

	For the years ended June 30,
	2015				2014				2013
Protandim®	$	120,967	63.6	%	$	142,935	66.8	%	$	138,996	66.8	%
LifeVantage TrueScience® skin care regimen	38,287		20.1	%	46,474		21.7	%	42,229		20.3	%
Other	31,082		16.3	%	24,559		11.5	%	26,953		12.9	%
Total	$	190,336	100.0	%	$	213,968	100.0	%	$	208,178	100.0	%