Net Income (loss) Per Common Share (Tables)

3 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Common Share, Basic and Diluted

The following table presents the computation of basic and diluted earnings per common share:

	Three Months Ended September 30,
(In thousands, except share and per share amounts)	2019		2018
Undistributed net earnings (loss) available to common stockholders	$	4,507	$	(3,115	)
Undistributed net earnings (loss) available to nonvested restricted stockholders and holders of convertible preferred stock	10		(3		)
Net earnings (loss) available to common stockholders—basic	$	4,517	$	(3,118	)
Weighted average common shares outstanding—basic	17,099,851		16,886,718
Effect of dilutive securities:
Shares issuable under stock options	2,390		—
Shares issuable under PBRSUs	4,871		—
Shares issuable under convertible preferred stock	411,301		—
Weighted average common shares outstanding—diluted	17,518,413		16,886,718
Net earnings (loss) per common share available to common stockholders—basic	$	0.26	$	(0.18	)
Net earnings (loss) per common share available to common stockholders—diluted	$	0.26	$	(0.18	)

The following table summarizes anti-dilutive securities excluded from the computation of diluted net income (loss) per common share for the periods indicated:

	Three Months Ended September 30,
	2019	2018
Shares issuable under stock options	—	51,177
Shares issuable under convertible preferred stock	—	397,215
Shares issuable under PBRSUs	—	—