| Three Months Ended
||Year Ended June 30,|
|Summary Financial Results||2010||2009||2010||2009|
|(in thousands, except per share data)|
|Income (loss) before income taxes||$||850||$||(56,260||)||$||7,481||$||(49,904||)|
|Net income (loss)||$||736||$||(71,532||)||$||7,040||$||(68,300||)|
|Net income (loss) per diluted share||$||0.02||$||(1.50||)||$||0.14||$||(1.43||)|
|Number of shares used to calculate net income (loss) per diluted share||48,494||47,673||48,638||47,664|
|Income before income taxes||$||850||$||11,730||$||7,481||$||18,086|
|Net income per diluted share||$||0.02||$||0.14||$||0.14||$||0.20|
|Number of shares used to calculate net income per diluted share||48,494||48,643||48,638||48,948|
|*||Adjusted results for the three months and year ended June 30, 2009 exclude a goodwill impairment charge of $67,990 and deferred tax charges of $10,150. These non-GAAP financial measures are detailed on page 8.|
First Acceptance Corporation Reports Operating Results For The Quarter And Fiscal Year Ended June 30, 2010
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