Loss Per Common Share

9 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Loss Per Common Share

Loss Per Common Share

The following table summarizes the calculation of net loss and weighted average common shares and common equivalent shares outstanding for purposes of the computation of loss per share (in thousands, except share and per share data):

	Three Months Ended						Nine Months Ended
	June 30, 2022			June 30, 2021			June 30, 2022			June 30, 2021
Net loss	$	(6,574	)	$	(787	)	$	(14,816	)	$	(9,021	)
Less: Loss allocable to unvested restricted stock		—			—			—			—
Loss attributable to common shareholders for    diluted earnings per share	$	(6,574	)	$	(787	)	$	(14,816	)	$	(9,021	)
Weighted average number of common share equivalents:
Common shares used in basic loss per share		13,013,616			13,353,254			12,977,146			13,464,177
Common share equivalents outstanding related to    stock options and RSUs		—			—			—			—
Total weighted average common shares and common    share equivalents used in diluted loss per share		13,013,616			13,353,254			12,977,146			13,464,177
Loss per share:
Basic	$	(0.51	)	$	(0.06	)	$	(1.14	)	$	(0.67	)
Diluted	$	(0.51	)	$	(0.06	)	$	(1.14	)	$	(0.67	)

For the calculation of diluted loss per share for the three and nine months ended June 30, 2022, 369,859 non-vested RSUs were excluded in the calculation of weighted average shares outstanding since their impact on diluted loss per share was antidilutive. For the calculation of diluted loss per share for the three and nine months ended June 30, 2021, 38,800 stock options and 331,999 non-vested RSUs were excluded in the calculation of weighted average shares outstanding since their impact on diluted loss per share was antidilutive.