Net (Loss) Income Per Common Share

Computation of net (loss) income per share (“EPS”) for the three months ended September 30, 2018 excludes the dilutive effect of 434,427 shares issuable under stock options, 35,732 PBRSUs and 397,215 shares issuable upon the assumed conversion of the outstanding Series A Preferred Stock because the Company incurred a net loss in the three months ended September 30, 2018 so their inclusion would be anti-dilutive.

Computation of EPS for the three months ended September 30, 2017 includes the dilutive effect of 101,740 shares issuable under stock options with exercise prices below the closing price of the Company’s common stock on the last trading day of the three months ended September 30, 2017, but excludes the dilutive effect of 765 shares issuable under stock options with exercise prices above the closing price of the Company’s common stock on the last trading day of the three months ended September 30, 2017 because their inclusion would be anti-dilutive.



	Three Months Ended September 30,
(In thousands, except share and per share amounts)	2018			2017(1)
Undistributed net (loss) income available to common stockholders	$	(3,115	)	$	840
Undistributed net (loss) income available to nonvested restricted stockholders and holders of convertible preferred stock	(3		)	1
Net (loss) income available to common stockholders—basic	$	(3,118	)	$	841

Weighted average common shares outstanding—basic	16,886,718			16,699,822
Effect of dilutive securities:
Shares issuable under stock options	—			101,740
Shares issuable PBRSUs	—			—
Shares issuable under convertible preferred stock	—			—
Weighted average common shares outstanding—diluted	16,886,718			16,801,562
Net (loss) income per common share available to common stockholders—basic	$	(0.18	)	$	0.05
Net (loss) income per common share available to common stockholders—diluted	$	(0.18	)	$	0.05

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(1) Prior period amounts have been retrospectively adjusted to reflect the impact of certain changes in accounting principles and corrections to previously issued financial statements as described in Note 3.