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Earnings per Share (Tables)

3 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Summary of Calculation of Weighted Average Number of Shares Outstanding Used in Computing Basic and Diluted Net Income Loss Per Share

The following table summarizes the computation of basic and diluted EPS share under the two-class or as-converted method, as well as the anti-dilutive shares excluded:

			Three Months Ended
			December 31,
			2020						2019
Basic earnings per common share:
Net income			$	1,083					$	4,684
Less: Preferred stock dividend declared			(1,313)						(1,323)
Net (loss) income available for distribution			(230)						3,361
Income allocated to participating securities			—						(1,513)
Net (loss) income available to common shareholders			$	(230)					$	1,848

			Three Months Ended
			December 31,
			2020						2019
Weighted average basic shares outstanding			32,658						25,663
Basic (loss) income per common share			$	(0.01)					$	0.07
Diluted earnings per common share:
Method used:			Two-class						Two-class
Net (loss) income available to common shareholders			$	(230)					$	1,848
Weighted average basic shares outstanding			32,658						25,663
Dilutive effect related to employee stock plans			—						375
Weighted average diluted shares outstanding			32,658						26,038
Diluted (loss) income per common share			$	(0.01)					$	0.07
Anti-dilutive shares excluded:
Outstanding stock-based grants			436						—
Convertible preferred stock			21,021						21,021
Total anti-dilutive shares excluded			21,457						21,021
Dilutive shares under the as-converted method(1)			53,905						47,059

(1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the computation of basic and diluted EPS share under the two-class or as-converted method, as well as the anti-dilutive shares excluded:

			Three Months Ended
			December 31,
			2020						2019
Basic earnings per common share:
Net income			$	1,083					$	4,684
Less: Preferred stock dividend declared			(1,313)						(1,323)
Net (loss) income available for distribution			(230)						3,361
Income allocated to participating securities			—						(1,513)
Net (loss) income available to common shareholders			$	(230)					$	1,848

			Three Months Ended
			December 31,
			2020						2019
Weighted average basic shares outstanding			32,658						25,663
Basic (loss) income per common share			$	(0.01)					$	0.07
Diluted earnings per common share:
Method used:			Two-class						Two-class
Net (loss) income available to common shareholders			$	(230)					$	1,848
Weighted average basic shares outstanding			32,658						25,663
Dilutive effect related to employee stock plans			—						375
Weighted average diluted shares outstanding			32,658						26,038
Diluted (loss) income per common share			$	(0.01)					$	0.07
Anti-dilutive shares excluded:
Outstanding stock-based grants			436						—
Convertible preferred stock			21,021						21,021
Total anti-dilutive shares excluded			21,457						21,021
Dilutive shares under the as-converted method(1)			53,905						47,059

(1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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