LOSS PER SHARE

12 Months Ended

Jul. 31, 2022

Loss Per Share

The following table reconciles net loss per share for the fiscal years ended July 31, 2022 and 2021.


	Fiscal Year Ended July 31,
	2022		2021
	(In thousands, except per share data)
Reconciliation of net loss to net loss attributable to common stockholders after assumed conversions:
Net loss	$	(10,968)	$	(44,391)
Less: Preferred dividends on redeemable preferred stock	(2,129)		(2,129)
Net loss attributable to common stockholders	$	(13,097)	$	(46,520)

Net loss attributable to common stockholders:
Continuing operations, net of tax	$	(11,385)	$	(13,964)
Discontinued operations, net of tax	(1,712)		(32,556)
Net loss attributable to common stockholders	$	(13,097)	$	(46,520)

Weighted average common shares outstanding	59,964		62,142
Basic and diluted net loss per share attributable to common stockholders
Continuing operations	$	(0.19)	$	(0.23)
Discontinued operations, net of tax	(0.03)		(0.52)
Net loss attributable to common stockholders	$	(0.22)	$	(0.75)

Approximately 24.2 million common stock equivalent shares relating to the effects of outstanding stock options, restricted stock, the SPHG Note and redeemable preferred stock were excluded from the denominator in the calculation of diluted loss per share for both the fiscal years ended July 31, 2022 and 2021. The common stock equivalent shares excluded during the fiscal years ended July 31, 2022 and 2021 were primarily excluded as their effect would be anti-dilutive. Approximately 6.3 million common shares outstanding associated with the SPHG Note, using the if-converted method, were excluded from the denominator in the calculation of diluted loss per share for both the fiscal years ended July 31, 2022 and 2021. Approximately 17.9 million common shares outstanding associated with the contingently redeemable preferred stock, using the if-converted method, were excluded from the denominator in the calculation of diluted loss per share for both the fiscal years ended July 31, 2022 and 2021.