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EARNINGS (LOSS) PER SHARE (Tables)
 3 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of basic earnings per share and diluted earnings per share
The calculation of basic earnings (loss) per share (“EPS”) and diluted EPS are presented below:
 
 
Three months ended
September 30,
($ in thousands, except per share data)
 
2019
 
2018
 
 
 
 
 
Numerator for basic and diluted loss per share
 
 
 
 
Net loss
 
$
(12,897
)
 
$
(6,320
)
Preferred dividends
 
(334
)
 
(334
)
Net loss available to common shareholders
 
$
(13,231
)
 
$
(6,654
)
 
 
 
 
 
Denominator for basic loss per share - Weighted average shares outstanding
 
60,096,852

 
60,053,912

Effect of dilutive potential common shares
 
—

 
—

Denominator for diluted loss per share - Adjusted weighted average shares outstanding
 
60,096,852

 
60,053,912

 
 
 
 
 
Basic loss per share
 
$
(0.22
)
 
$
(0.11
)
Diluted loss per share
 
$
(0.22
)
 
$
(0.11
)