Net Income (loss) Per Common Share (Tables)

9 Months Ended

Mar. 31, 2021

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 March 31,				Nine Months Ended March 31,
(In thousands, except share and per share amounts)	2021		2020		2021		2020
Undistributed net (loss) income available to common stockholders	$	(13,234)	$	(39,790)	$	(36,601)	$	(27,692)
Undistributed net (loss) income available to nonvested restricted stockholders and holders of convertible preferred stock	(594)		(126)		(1,507)		(91)
Net (loss) earnings available to common stockholders—basic	$	(13,828)	$	(39,916)	$	(38,108)	$	(27,783)

Weighted average common shares outstanding—basic	17,756,619		17,230,879		17,569,026		17,161,477
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	17,756,619		17,230,879		17,569,026		17,161,477
Net loss available to common stockholders per common share—basic	$	(0.78)	$	(2.32)	$	(2.17)	$	(1.62)
Net loss available to common stockholders per common share—diluted	$	(0.78)	$	(2.32)	$	(2.17)	$	(1.62)

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 March 31,		Nine Months Ended March 31,
	2021	2020	2021	2020
Shares issuable under stock options	421,167	485,513	421,167	327,192
Shares issuable under convertible preferred stock	433,373	418,531	433,373	418,531
Shares issuable under PBRSUs	185,236	98,946	104,271	75,926