Net (Loss) Income Per Common Share

Computation of net (loss) income per share (“EPS”) for the three and six months ended December 31, 2018 excludes the dilutive effect of 571,901 shares issuable under stock options, 82,093 PBRSUs and 400,691 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, 2018 so their inclusion would be anti-dilutive. There were no unearned ESOP shares excluded from EPS calculations in the three and six months ended December 31, 2018.

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. There were 72,114 unearned ESOP shares excluded from EPS calculations in the three and six months ended December 31, 2017.



	Three Months Ended December 31,						Six Months Ended December 31,
(In thousands, except share and per share amounts)	2018			2017(1)			2018			2017(1)
Undistributed net loss available to common stockholders	$	(10,225	)	$	(17,190	)	$	(13,341	)	$	(16,384	)
Undistributed net (loss) income available to nonvested restricted stockholders and holders of convertible preferred stock	(9		)	1			(11		)	35
Net loss available to common stockholders—basic	$	(10,234	)	$	(17,189	)	$	(13,352	)	$	(16,349	)

Weighted average common shares outstanding—basic	16,985,157			16,723,498			16,971,995			16,711,660
Effect of dilutive securities:
Shares issuable under stock options	—			—			—			—
Shares issuable under PBRSUs	—			—			—			—
Shares issuable under convertible preferred stock	—			—			—			—
Weighted average common shares outstanding—diluted	16,985,157			16,723,498			16,971,995			16,711,660
Net loss per common share available to common stockholders—basic	$	(0.60	)	$	(1.03	)	$	(0.79	)	$	(0.98	)
Net loss per common share available to common stockholders—diluted	$	(0.60	)	$	(1.03	)	$	(0.79	)	$	(0.98	)

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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.