LOSS PER SHARE

6 Months Ended

Jan. 31, 2022

The following table reconciles loss per share for the three and six months ended January 31, 2022 and 2021:


	Three Months Ended January 31,				Six Months Ended January 31,
	2022		2021		2022		2021
	(In thousands, except per share data)
Net loss	$	(22,977)	$	(2,196)	$	(42,471)	$	(5,747)
Less: Preferred dividends on redeemable preferred stock	(537)		(530)		(1,074)		(1,067)
Net loss attributable to common stockholders	$	(23,514)	$	(2,726)	$	(43,545)	$	(6,814)




Weighted average common shares used in basic and diluted loss per share	59,748		62,028		60,027		61,961


Basic and diluted net loss per share attributable to common stockholders	$	(0.39)	$	(0.04)	$	(0.73)	$	(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 January 31, 2022 and 2021, approximately 24.2 million and 24.2 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 six months ended January 31, 2022 and 2021, approximately 24.2 million and 24.2 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.