Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Components of inventory

As of June 30, 2016 and 2015, inventory consisted of (in thousands):

	June 30,
	2016		2015
Finished goods	$	14,852	$	5,783
Raw materials	10,264		3,465
Total inventory	$	25,116	$	9,248

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,
	2016			2015
Equipment (includes computer hardware and software)	$	6,402		$	6,895
Furniture and fixtures	1,485			1,481
Leasehold improvements	3,497			3,324
Vehicles	51			51
Accumulated depreciation	(7,979		)	(5,992		)
Total property and equipment, net	$	3,456		$	5,759

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 net income 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,
	2016		2015		2014
Numerator:
Net income	$	6,019	$	6,987	$	11,383
Denominator:
Basic weighted-average common shares outstanding	13,730		13,899		15,113
Effect of dilutive securities:
Stock awards and options	735		180		379
Warrants	66		71		451
Diluted weighted-average common shares outstanding	14,531		14,150		15,943
Net income per share, basic	$	0.44	$	0.50	$	0.75
Net income per share, diluted	$	0.41	$	0.49	$	0.71

Revenues from unaffiliated customers by geographic regions and significant geographic area

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

	Years ended June 30,
	2016		2015		2014
Americas	$	158,291	$	138,118	$	141,227
Asia/Pacific & Europe	48,249		52,218		72,741
Total revenues	$	206,540	$	190,336	$	213,968

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,
	2016		2015		2014
United States	$	152,830	$	132,831	$	136,758
Japan	$	36,343	$	41,428	$	61,872

Revenues by major product line

The following table shows revenues by major product line for the years ended June 30, 2016, 2015 and 2014.

	For the years ended June 30,
	2016				2015				2014
Protandim®product line	$	128,019	62.0	%	$	120,967	63.6	%	$	142,935	66.8	%
LifeVantage TrueScience® skin care regimen	32,914		15.9	%	38,287		20.1	%	46,474		21.7	%
Other	45,607		22.1	%	31,082		16.3	%	24,559		11.5	%
Total	$	206,540	100.0	%	$	190,336	100.0	%	$	213,968	100.0	%