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Loss Per Common Share (Tables)
9 Months Ended
Jun. 30, 2017
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

 

 

Nine Months Ended

 

 

 

June 30, 2017

 

 

June 30, 2016

 

 

June 30, 2017

 

 

June 30, 2016

 

Net loss

 

$

(14,376

)

 

$

(11,654

)

 

$

(37,584

)

 

$

(33,661

)

Less: Income allocable to unvested restricted stock

 

 

 

 

 

 

 

 

 

 

 

 

Loss available to common shareholders

 

 

(14,376

)

 

 

(11,654

)

 

 

(37,584

)

 

 

(33,661

)

Reallocation of participating earnings

 

 

 

 

 

 

 

 

 

 

 

 

Loss attributable to common shareholders for diluted

   earnings per share

 

$

(14,376

)

 

$

(11,654

)

 

$

(37,584

)

 

$

(33,661

)

Weighted average number of common share equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares used in basic loss per share

 

 

13,147,016

 

 

 

13,051,916

 

 

 

13,129,196

 

 

 

13,042,000

 

Common share equivalents outstanding related to

   stock options

 

 

 

 

 

 

 

 

 

 

 

 

Total weighted average common shares and common

   share equivalents used in diluted loss per share

 

 

13,147,016

 

 

 

13,051,916

 

 

 

13,129,196

 

 

 

13,042,000

 

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.09

)

 

$

(0.89

)

 

$

(2.86

)

 

$

(2.58

)

Diluted

 

$

(1.09

)

 

$

(0.89

)

 

$

(2.86

)

 

$

(2.58

)