Year Ended June 30

($ in thousands, except per share data)

2016

2015

2014

Numerator for basic and diluted earnings per share

Net income (loss)

$

(6,806

)

$

(1,089

)

$

27,531

Preferred dividends

(668

)

(668

)

(668

)

Net income (loss) available to common shareholders

$

(7,474

)

$

(1,757

)

$

26,863

Denominator for basic earnings per share - Weighted average shares outstanding

36,309,047

35,719,211

34,667,769

Effect of dilutive potential common shares

-

341,790

Denominator for diluted earnings per share - Adjusted weighted average shares outstanding

36,309,047

35,719,211

#

35,009,559

Basic earnings (loss) per share

$

(0.21

)

$

(0.05

)

$

0.77

Diluted earnings (loss) per share

$

(0.21

)

$

(0.05

)

$

0.77