Loss Per Common Share

9 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Loss Per Common Share

12.   Loss Per Common Share

The Company applies the two-class method in calculating per share data.  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, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Net loss	$	(3,672	)	$	(4,796	)	$	(8,818	)	$	(19,005	)
Less: Loss allocable to unvested restricted stock		(12	)		—			—			—
Loss attributable to common shareholders for    diluted earnings per share	$	(3,684	)	$	(4,796	)	$	(8,818	)	$	(19,005	)
Weighted average number of common share equivalents:
Common shares used in basic loss per share		13,405,504			13,266,316			13,381,789			13,244,242
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		13,405,504			13,266,316			13,381,789			13,244,242
Loss per share:
Basic	$	(0.27	)	$	(0.36	)	$	(0.66	)	$	(1.43	)
Diluted	$	(0.27	)	$	(0.36	)	$	(0.66	)	$	(1.43	)

For the calculation of diluted loss per share for the three and nine months ended June 30, 2019, 163,800 stock options and 161,300 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, 2018,  194,600 stock options and zero non-vested RSUs were excluded in the calculation of weighted average shares outstanding since their impact on diluted loss per share was antidilutive.