Net Income (loss) Per Common Share (Tables)

6 Months Ended

Dec. 31, 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 December 31,				Six Months Ended December 31,
(In thousands, except share and per share amounts)	2020		2019		2020		2019
Undistributed net (loss) income available to common stockholders	$	(17,223)	$	7,595	$	(23,509)	$	12,104
Undistributed net (loss) income available to nonvested restricted stockholders and holders of convertible preferred stock	(645)		21		(772)		29
Net (loss) earnings available to common stockholders—basic	$	(17,868)	$	7,616	$	(24,281)	$	12,133

Weighted average common shares outstanding—basic	17,531,521		17,159,108		17,477,268		17,127,153
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	17,531,521		17,583,335		17,477,268		17,550,144
Net (loss) income available to common stockholders per common share—basic	$	(1.02)	$	0.44	$	(1.39)	$	0.71
Net (loss) income available to common stockholders per common share—diluted	$	(1.02)	$	0.43	$	(1.39)	$	0.69

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,
	2020	2019	2020	2019
Shares issuable under stock options	545,797	190,117	545,797	121,113
Shares issuable under convertible preferred stock	429,614	—	429,614	—
Shares issuable under PBRSUs	81,070	16,195	82,189	8,097