EARNINGS (LOSS) PER SHARE

The calculation of basic earnings (loss) per share (“EPS”) and diluted EPS are presented below:



	Three months ended December 31,
($ in thousands, except per share data)	2018			2017 (as restated)

Numerator for basic and diluted loss per share
Net loss	$	(10,657	)	$	(4,194	)
Preferred dividends	—			—
Net loss available to common shareholders	$	(10,657	)	$	(4,194	)

Denominator for basic loss per share - Weighted average shares outstanding	60,059,936			52,150,106
Effect of dilutive potential common shares	—			—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	60,059,936			52,150,106

Basic loss per share	$	(0.18	)	$	(0.08	)
Diluted loss per share	$	(0.18	)	$	(0.08	)



	Six months ended December 31,
($ in thousands, except per share data)	2018			2017 (as restated)

Numerator for basic and diluted loss per share
Net loss	$	(16,977	)	$	(6,365	)
Preferred dividends	(334		)	(334		)
Net loss available to common shareholders	$	(17,311	)	$	(6,699	)

Denominator for basic loss per share - Weighted average shares outstanding	60,056,924			49,861,735
Effect of dilutive potential common shares	—			—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	60,056,924			49,861,735

Basic loss per share	$	(0.29	)	$	(0.13	)
Diluted loss per share	$	(0.29	)	$	(0.13	)

Antidilutive shares excluded from the calculation of diluted loss per share were 1,400,968 and 1,400,968 for the three and six months ended December 31, 2018 and 1,170,471 and 1,170,471 for the three and six months ended December 31, 2017.