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EARNINGS (LOSS) PER SHARE | 9 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | EARNINGS (LOSS) PER SHARE The calculation of basic earnings (loss) per share (“EPS”) and diluted EPS are presented below:
|  | Three months ended March 31,
($ in thousands, except per share data) |  | 2020 |  | 2019
Numerator for basic and diluted loss per share |  |  |  |
Net loss |  | $ | (9,295 | ) |  | $ | (4,306 | )
Preferred dividends |  | (334 | ) |  | (334 | )
Net loss applicable to common shareholders |  | $ | (9,629 | ) |  | (4,640 | )
Denominator for basic loss per share - Weighted average shares outstanding |  | 64,096,778 |  |  | 60,065,053 |
Effect of dilutive potential common shares |  | — |  |  | — |
Denominator for diluted loss per share - Adjusted weighted average shares outstanding |  | 64,096,778 |  |  | 60,065,053 |
Basic loss per share |  | $ | (0.15 | ) |  | $ | (0.08 | )
Diluted loss per share |  | $ | (0.15 | ) |  | $ | (0.08 | )
|  | Nine months ended March 31,
($ in thousands, except per share data) |  | 2020 |  | 2019
Numerator for basic and diluted loss per share |  |  |  |
Net loss |  | $ | (29,181 | ) |  | $ | (20,032 | )
Preferred dividends |  | (668 | ) |  | (668 | )
Net loss applicable to common shareholders |  | $ | (29,849 | ) |  | $ | (20,700 | )
Denominator for basic loss per share - Weighted average shares outstanding |  | 62,591,947 |  |  | 60,059,594 |
Effect of dilutive potential common shares |  | — |  |  | — |
Denominator for diluted loss per share - Adjusted weighted average shares outstanding |  | 62,591,947 |  |  | 60,059,594 |
Basic loss per share |  | $ | (0.48 | ) |  | $ | (0.34 | )
Diluted loss per share |  | $ | (0.48 | ) |  | $ | (0.34 | )
Anti-dilutive shares excluded from the calculation of diluted loss per share were 1,625,414 for the three and nine months ended March 31, 2020 and 1,240,302 for the three and nine months ended March 31, 2019.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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