Net Income (loss) Per Common Share (Tables)

3 Months Ended

Sep. 30, 2020

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

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


	Three Months Ended September 30,
(In thousands, except share and per share amounts)	2020		2019
Undistributed net (loss) income available to common stockholders	$	(6,236)	$	4,507
Undistributed net (loss) income available to nonvested restricted stockholders and holders of convertible preferred stock	(176)		10
Net loss available to common stockholders—basic	$	(6,412)	$	4,517

Weighted average common shares outstanding—basic	17,420,442		17,099,851
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	17,420,442		17,518,413
Net (loss) income available to common stockholders per common share—basic	$	(0.37)	$	0.26
Net (loss) income available to common stockholders per common share—diluted	$	(0.37)	$	0.26

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,
	2020	2019
Shares issuable under stock options	548,671	—
Shares issuable under convertible preferred stock	425,887	—
Shares issuable under PBRSUs	84,364	—