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Earnings (Loss) Per Common Share (Tables)
12 Months Ended
Jun. 30, 2020
Earnings (Loss) Per Common Share  
Summary of reconciliation of the Company's basic and diluted earnings (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

For Fiscal Year Ended June 30, 

(In thousands, except share and per share data)

    

2020

    

2019

    

2018

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(33,366)

 

$

(272,107)

 

$

28,690

Interest expenses applicable to the Notes, net of tax

 

 

 —

 

 

 —

 

 

 —

Amortization of debt issuance costs applicable to the Notes, net of tax

 

 

 —

 

 

 —

 

 

 —

Adjusted "if-converted" net income (loss)

 

$

(33,366)

 

$

(272,107)

 

$

28,690

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

38,592,618

 

 

37,779,812

 

 

37,127,306

Effect of potentially dilutive options and restricted stock awards

 

 

 —

 

 

 —

 

 

1,035,208

Effect of conversion of the Notes

 

 

 —

 

 

 —

 

 

 —

Diluted weighted average common shares outstanding

 

 

38,592,618

 

 

37,779,812

 

 

38,162,514

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.86)

 

$

(7.20)

 

$

0.77

Diluted

 

$

(0.86)

 

$

(7.20)

 

$

0.75