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Loss Per Common Share
9 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Loss Per Common Share

11.   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, 2021

 

 

June 30, 2020

 

 

June 30, 2021

 

 

June 30, 2020

 

Net loss

 

$

(787

)

 

$

(2,285

)

 

$

(9,021

)

 

$

(15,378

)

Less: Loss allocable to unvested restricted stock

 

 

 

 

 

 

 

 

 

 

 

 

Loss attributable to common shareholders for

   diluted earnings per share

 

$

(787

)

 

$

(2,285

)

 

$

(9,021

)

 

$

(15,378

)

Weighted average number of common share equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares used in basic loss per share

 

 

13,353,254

 

 

 

13,545,340

 

 

 

13,464,177

 

 

 

13,517,387

 

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

 

 

13,353,254

 

 

 

13,545,340

 

 

 

13,464,177

 

 

 

13,517,387

 

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.06

)

 

$

(0.17

)

 

$

(0.67

)

 

$

(1.14

)

Diluted

 

$

(0.06

)

 

$

(0.17

)

 

$

(0.67

)

 

$

(1.14

)

 

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.  For the calculation of diluted loss per share for the three and nine months ended June 30, 2020, 103,100 stock options and 264,375 non-vested RSUs, respectively, were excluded in the calculation of weighted average shares outstanding since their impact on diluted loss per share was antidilutive.