Net (Loss) Income Per Common Share

Computation of EPS for the year ended June 30, 2018 excludes the dilutive effect of 462,032 shares issuable under stock options, 35,732 PBRSUs and 393,769 shares issuable upon the assumed conversion of the outstanding Series A Preferred Stock because the Company incurred a net loss in fiscal 2018 so their inclusion would be anti-dilutive.

Computation of EPS for the years ended June 30, 2017 and 2016 includes the dilutive effect of 117,007 and 124,879 shares, respectively, issuable under stock options with exercise prices below the closing price of the Company's common stock on the last trading day of the applicable period, but excludes the dilutive effect of 24,671 and 30,931 shares, respectively, issuable under stock options with exercise prices above the closing price of the Company's common stock on the last trading day of the applicable period because their inclusion would be anti-dilutive.



	Year Ended June 30,
(In thousands, except share and per share amounts)	2018			2017(1)		2016(1)
Undistributed net (loss) income available to common stockholders	$	(18,652	)	$	22,524	$	71,706
Undistributed net (loss) income available to nonvested restricted stockholders and holders of convertible preferred stock	(17		)	27		85
Net (loss) income available to common stockholders—basic	$	(18,669	)	$	22,551	$	71,791

Weighted average common shares outstanding—basic	16,815,020			16,668,745		16,502,523
Effect of dilutive securities:
Shares issuable under stock options	—			117,007		124,879
Shares issuable under PBRSUs	—			—		—
Shares issuable under convertible preferred stock	—			—		—
Weighted average common shares outstanding—diluted	16,815,020			16,785,752		16,627,402
Net (loss) income per common share available to common stockholders—basic	$	(1.11	)	$	1.35	$	4.35
Net (loss) income per common share available to common stockholders—diluted	$	(1.11	)	$	1.34	$	4.32

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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.