Loss Per Common Share (Tables)

9 Months Ended

Mar. 31, 2023

Loss Per Common Share

Reconciliation of basic and diluted loss per common share

	Three Months Ended
	March 31,
(In thousands, except share and per share data)	2023		2022
Numerator:
Net loss	$	(101,470)	$	(34,898)
Net income allocated to participating securities for the Warrants		—		—
Interest expenses applicable to the Convertible Notes, net of tax		—		—
Amortization of debt issuance costs applicable to the Convertible Notes, net of tax		—		—
Adjusted "if-converted" net loss	$	(101,470)	$	(34,898)
Denominator:
Basic weighted average common shares outstanding		10,311,428		10,125,825
Effect of potentially dilutive options, restricted stock awards and performance-based shares		—		—
Effect of conversion of the Convertible Notes		—		—
Effect of participating securities for the Warrants		—		—
Diluted weighted average common shares outstanding		10,311,428		10,125,825
Loss per common share:
Basic	$	(9.84)	$	(3.45)
Diluted	$	(9.84)	$	(3.45)

	Nine Months Ended
	March 31,
(In thousands, except share and per share data)	2023		2022
Numerator:
Net loss	$	(165,797)	$	(138,325)
Net income allocated to participating securities for the Warrants		—		—
Interest expenses applicable to the Convertible Notes, net of tax		—		—
Amortization of debt issuance costs applicable to the Convertible Notes, net of tax		—		—
Adjusted "if-converted" net loss	$	(165,797)	$	(138,325)
Denominator:
Basic weighted average common shares outstanding		10,279,085		10,065,333
Effect of potentially dilutive options, restricted stock awards and performance-based shares		—		—
Effect of conversion of the Convertible Notes		—		—
Effect of participating securities for the Warrants		—		—
Diluted weighted average common shares outstanding		10,279,085		10,065,333
Loss per common share:
Basic	$	(16.13)	$	(13.74)
Diluted	$	(16.13)	$	(13.74)