LOSS PER SHARE

9 Months Ended

Apr. 30, 2021

The following table reconciles (loss) earnings per share for the three and nine months ended April 30, 2021 and 2020:


	Three Months Ended April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
	(In thousands, except per share data)
Net loss	$	(27,629)	$	(6,159)	$	(33,376)	$	(4,924)
Less: Preferred dividends on redeemable preferred stock	(519)		(525)		(1,586)		(1,592)
Net loss attributable to common stockholders	$	(28,148)	$	(6,684)	$	(34,962)	$	(6,516)




Weighted average common shares outstanding	62,263		61,815		61,898		61,583


Basic net loss per share attributable to common stockholders	$	(0.45)	$	(0.11)	$	(0.56)	$	(0.11)
Diluted net loss per share attributable to common stockholders	$	(0.45)	$	(0.11)	$	(0.56)	$	(0.11)

Basic net loss per common share is calculated using the weighted average number of common shares outstanding during the period. Diluted net earnings per common share, if any, gives effect to diluted stock options (calculated based on the treasury stock method), non-vested restricted stock shares purchased under the employee stock purchase plan and shares issuable upon debt or preferred stock conversion (calculated using an as-if converted method).

For the three months ended April 30, 2021 and 2020, approximately 24.2 million and 25.0 million, respectively, common stock equivalent shares (including those related to convertible debt and preferred stock) were excluded from the denominator in the calculation of diluted net loss per share as their inclusion would have been antidilutive. For the nine months ended April 30, 2021 and 2020, approximately 24.3 million and 24.5 million, respectively, common stock equivalent shares (including those related to convertible debt and preferred stock) were excluded from the denominator in the calculation of diluted net earnings per share as their inclusion would have been antidilutive.