Net Income (Loss) Per Share

3 Months Ended

Sep. 30, 2012

Net Income (Loss) Per Share

Net Income (Loss) Per Share

9.  Net Income (Loss) Per Share

Basic income (loss) per share is determined by dividing net income (loss) by the weighted average common shares outstanding during the period. Diluted income (loss) per share is determined by dividing net income (loss) by diluted weighted average shares outstanding during the period. Diluted weighted average shares reflect the dilutive effect, if any, of potential common shares. To the extent their effect is dilutive, employee equity awards and other commitments to be settled in common stock are included in the calculation of diluted net income (loss) per share based on the treasury stock method.

For the three months ended September 30, 2012 certain employee equity awards were anti-dilutive based on the treasury stock method. For the three months ended September 30, 2011, all potential common shares were anti-dilutive due to the net loss. The calculations of basic and diluted net income (loss) per share and basic and diluted weighted average shares outstanding are as follows (dollars and shares in thousands, except per share data):

	Three Months Ended
	September 30,
	2012		2011
Net income (loss)	$	4,413	$	(11,736	)
Weighted average shares outstanding	93,428		94,065
Dilutive impact from:
Share-based payment awards	2,242		—
Dilutive weighted average shares outstanding	$	95,670	$	94,065
Income (loss) per share
Basic	$	0.05	$	(0.12	)
Dilutive	$	0.05	$	(0.12	)

The following potential common shares were excluded from the calculation of diluted weighted average shares outstanding because their effect would be anti-dilutive at the balance sheet date (shares in thousands):

	Three Months Ended
	September 30,
	2012	2011
Employee equity awards	1,020	7,013