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LOSS PER SHARE CALCULATION
 12 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
LOSS PER SHARE CALCULATION LOSS PER SHARE CALCULATION
Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per share, applicable only to years ended with reported income, is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The calculation of basic and diluted loss per share is presented below:
 
Year ended June 30,
($ in thousands, except per share data)
2020
 
2019
 
2018
 
 
 
 
 
 
Numerator for basic and diluted loss per share
 
 
 
 
 
Net loss
$
(40,595
)
 
$
(29,882
)
 
$
(11,284
)
Preferred dividends
(668
)
 
(668
)
 
(668
)
Net loss available to common shareholders
$
(41,263
)
 
$
(30,550
)
 
$
(11,952
)
 
 
 
 
 
 
Denominator for basic loss per share - Weighted average shares outstanding
62,980,193

 
60,061,243

 
51,840,518

Effect of dilutive potential common shares
—

 
—

 
—

Denominator for diluted loss per share - Adjusted weighted average shares outstanding
62,980,193

 
60,061,243

 
51,840,518

 
 
 
 
 
 
Basic loss per share
$
(0.66
)
 
$
(0.51
)
 
$
(0.23
)
Diluted loss per share
$
(0.66
)
 
$
(0.51
)
 
$
(0.23
)

Antidilutive shares excluded from the calculation of diluted loss per share were 2,779,222, 1,297,073, and 1,134,845 for the years ended June 30, 2020, 2019 and 2018, respectively.