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Loss Per Common Share (Tables)
3 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Calculation of Net Loss and Weighted Average Common Shares and Common Equivalent Shares Outstanding for Computation of Loss Per 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

 

 

 

December 31, 2015

 

 

December 31, 2014

 

Net loss.................................

 

$

(11,042

)

 

$

(5,445

)

Less: Income allocable to unvested restricted stock.....

 

 

 

 

 

70

 

Loss available to common shareholders............

 

 

(11,042

)

 

 

(5,375

)

Reallocation of participating earnings.............

 

 

 

 

 

 

Loss attributable to common shareholders for diluted earnings per share

 

$

(11,042

)

 

$

(5,375

)

Weighted average number of common share equivalents:

 

 

 

 

 

 

 

 

Common shares used in basic loss per share.....

 

 

13,024,579

 

 

 

12,977,913

 

Common share equivalents outstanding related to stock options

 

 

 

 

 

 

Total weighted average common shares and common share equivalents used in diluted loss per share

 

 

13,024,579

 

 

 

12,977,913

 

Loss per share:

 

 

 

 

 

 

 

 

Basic...............................

 

$

(0.85

)

 

$

(0.41

)

Diluted..............................

 

$

(0.85

)

 

$

(0.41

)