Net Income (loss) Per Common Share (Tables)

6 Months Ended

Dec. 31, 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 December 31,					Six Months Ended December 31,
(In thousands, except share and per share amounts)	2019		2018			2019		2018
Undistributed net earnings (loss) available to common stockholders	$	7,595	$	(10,225	)	$	12,104	$	(13,341	)
Undistributed net earnings (loss) available to nonvested restricted stockholders and holders of convertible preferred stock	21		(9		)	29		(11		)
Net earnings (loss) available to common stockholders—basic	$	7,616	$	(10,234	)	$	12,133	$	(13,352	)
Weighted average common shares outstanding—basic	17,159,108		16,985,157			17,127,153		16,971,995
Effect of dilutive securities:
Shares issuable under stock options	1,236		—			1,819		—
Shares issuable under PBRSUs	8,091		—			6,272		—
Shares issuable under convertible preferred stock	414,900		—			414,900		—
Weighted average common shares outstanding—diluted	17,583,335		16,985,157			17,550,144		16,971,995
Net earnings (loss) per common share available to common stockholders—basic	$	0.44	$	(0.60	)	$	0.71	$	(0.79	)
Net earnings (loss) per common share available to common stockholders—diluted	$	0.43	$	(0.60	)	$	0.69	$	(0.79	)

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 December 31,		Six Months Ended December 31,
	2019	2018	2019	2018
Shares issuable under stock options	190,117	201,543	121,113	165,013
Shares issuable under convertible preferred stock	—	400,691	—	400,691
Shares issuable under PBRSUs	16,195	64,991	8,097	52,890