Net (Loss) Income Per Common Share

Computation of net (loss) income per share (“EPS”) for the three and nine months ended March 31, 2019 excludes the dilutive effect of 551,415 shares issuable under stock options, 80,771 PBRSUs and 404,197 shares issuable upon the assumed conversion of the outstanding Series A Preferred Stock because the Company incurred net losses in the three and nine months ended March 31, 2019 so their inclusion would be anti-dilutive. There were no unearned ESOP shares excluded from EPS calculations in the three and nine months ended March 31, 2019.

Computation of EPS for the three and nine months ended March 31, 2018 excludes the dilutive effect of 488,231 shares issuable under stock options, 36,108 PBRSUs and 383,611 shares issuable upon the assumed conversion of the outstanding Series A Preferred Stock because the Company incurred net losses in the three and nine months ended March 31, 2018 so their inclusion would be anti-dilutive. There were 72,114 unearned ESOP shares excluded from EPS calculations in the three and nine months ended March 31, 2018.



	Three Months Ended March 31,						Nine Months Ended March 31,
(In thousands, except share and per share amounts)	2019			2018(1)			2019			2018(1)
Undistributed net loss available to common stockholders	$	(51,828	)	$	(2,318	)	$	(65,177	)	$	(18,658	)
Undistributed net loss available to nonvested restricted stockholders and holders of convertible preferred stock	(55		)	(3		)	(58		)	(13		)
Net loss available to common stockholders—basic	$	(51,883	)	$	(2,321	)	$	(65,235	)	$	(18,671	)

Weighted average common shares outstanding—basic	17,003,206			16,760,145			16,982,247			16,727,624
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	17,003,206			16,760,145			16,982,247			16,727,624
Net loss per common share available to common stockholders—basic	$	(3.05	)	$	(0.14	)	$	(3.84	)	$	(1.12	)
Net loss per common share available to common stockholders—diluted	$	(3.05	)	$	(0.14	)	$	(3.84	)	$	(1.12	)

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(1) Prior period amounts have been retrospectively adjusted to reflect the impact of certain changes in accounting principles and corrections to previously issued financial statements as described in Note 3.