Net (Loss) Income Per Common Share

Computation of EPS for the three and six months ended December 31, 2017 excludes the dilutive effect of 525,059 shares issuable under stock options, 37,414 PBRSUs and 383,611 shares issuable upon the assumed conversion of the outstanding Series A Preferred Stock because the Company incurred net losses in the three and six months ended December 31, 2017 so their inclusion would be anti-dilutive.

Computation of EPS for the three and six months ended December 31, 2016 includes the dilutive effect of 122,897 shares and 122,142 shares, respectively, issuable under stock options with exercise prices below the closing price of the Company’s common stock on the last trading day of the applicable period, but excludes the dilutive effect of 29,032 and 24,804 shares, respectively, issuable under stock options with exercise prices above the closing price of the Company’s common stock on the last trading day of the applicable period because their inclusion would be anti-dilutive.



	Three Months Ended December 31,					Six Months Ended December 31,
(In thousands, except share and per share amounts)	2017			2016		2017			2016
Undistributed net (loss) income available to common stockholders	$	(18,887	)	$	20,052	$	(19,865	)	$	21,669
Undistributed net (loss) income available to nonvested restricted stockholders	(10		)	24		(10		)	25
Net (loss) income available to common stockholders—basic	$	(18,897	)	$	20,076	$	(19,875	)	$	21,694

Weighted average common shares outstanding—basic	16,723,498			16,584,106		16,711,660			16,573,545
Effect of dilutive securities:
Shares issuable under stock options	—			122,897		—			122,142
Shares issuable PBRSUs	—			—		—			—
Shares issuable under convertible preferred stock	—			—		—			—
Weighted average common shares outstanding—diluted	16,723,498			16,707,003		16,711,660			16,695,687
Net (loss) income per common share available to common stockholders—basic	$	(1.13	)	$	1.21	$	(1.19	)	$	1.31
Net (loss) income per common share available to common stockholders—diluted	$	(1.13	)	$	1.20	$	(1.19	)	$	1.30