Loss Per Common Share

3 Months Ended

Sep. 30, 2020

Loss Per Common Share

Loss Per Common Share

Note 14. Loss Per Common Share

A reconciliation of the Company’s basic and diluted loss per common share was as follows:

	Three Months Ended
	September 30,
(In thousands, except share and per share data)	2020		2019
Numerator:
Net loss	$	(6,499)	$	(12,157)
Interest expense applicable to the Notes, net of tax		—		—
Amortization of debt issuance costs applicable to the Notes, net of tax		—		—
Adjusted “if-converted” net loss	$	(6,499)	$	(12,157)
Denominator:
Basic weighted average common shares outstanding		39,070,982		38,309,267
Effect of potentially dilutive options and restricted stock awards		—		—
Effect of conversion of the Notes		—		—
Diluted weighted average common shares outstanding		39,070,982		38,309,267
Loss per common share:
Basic	$	(0.17)	$	(0.32)
Diluted	$	(0.17)	$	(0.32)

The number of anti-dilutive shares that have been excluded in the computation of diluted loss and earnings per share for the three months ended September 30, 2020 and 2019 were 8.2 million and 2.9 million, respectively. The effect of potentially dilutive shares was excluded from the calculation of diluted loss per share in the three months ended September 30, 2020 and 2019 because the effect of including such securities would be anti-dilutive.