Net (Loss) Income Per Common Share (Tables)

12 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

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

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

	For the Years Ended June 30,
(In thousands, except share and per share amounts)	2019			2018			2017
Undistributed net (loss) income available to common stockholders	$	(74,054	)	$	(18,652	)	$	22,524
Undistributed net (loss) income available to nonvested restricted stockholders and holders of convertible preferred stock	(76		)	(17		)	27
Net (loss) income available to common stockholders—basic	$	(74,130	)	$	(18,669	)	$	22,551
Weighted average common shares outstanding—basic	16,996,354			16,815,020			16,668,745
Effect of dilutive securities:
Shares issuable under stock options	—			—			117,007
Weighted average common shares outstanding—diluted	16,996,354			16,815,020			16,785,752
Net (loss) income per common share available to common stockholders—basic	$	(4.36	)	$	(1.11	)	$	1.35
Net (loss) income per common share available to common stockholders—diluted	$	(4.36	)	$	(1.11	)	$	1.34

The following table summarizes anti-dilutive securities excluded from the computation of diluted net income (loss) per common share for the periods indicated:

	For the Years Ended June 30,
(In thousands)	2019	2018	2017
Shares issuable under stock options	—	462,032	24,671
Shares issuable under convertible preferred stock	407,734	393,769	—
Shares issuable under PBRSUs	—	35,732	—