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Earnings (Loss) per Common Share | 9 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Earnings (Loss) per Common Share | Earnings (Loss) per Common Share The following table sets forth the computation of basic and diluted earnings (loss) per common share, reflecting the application of the two-class method:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Numerator |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 5,705,811 |  |  | $ | 1,191,001 |  |  | $ | 17,756,384 |  |  | $ | (18,654,154) |
Undistributed earnings allocated to unvested restricted stock | (114,209) |  |  | (24,114) |  |  | (360,519) |  |  | (35,278) |
Net income (loss) for earnings per share calculation | $ | 5,591,602 |  |  | $ | 1,166,887 |  |  | $ | 17,395,865 |  |  | $ | (18,689,432) |
Denominator |  |  |  |  |  |  |
Weighted average number of common shares outstanding — Basic | 33,009,156 |  |  | 32,817,999 |  |  | 32,933,016 |  |  | 32,743,070 |
Effect of dilutive securities: |  |  |  |  |  |  |
Unvested restricted stock | 378,889 |  | 73,381 |  | 324,713 |  | — |
Contingent restricted stock grants | — |  |  | — |  |  | — |  |  | — |
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share | 33,388,045 |  |  | 32,891,380 |  |  | 33,257,729 |  |  | 32,743,070 |
Net earnings (loss) per common share — Basic | $ | 0.17 |  |  | $ | 0.04 |  |  | $ | 0.53 |  |  | $ | (0.57) |
Net earnings (loss) per common share — Diluted | $ | 0.17 |  |  | $ | 0.04 |  |  | $ | 0.52 |  |  | $ | (0.57) |
Unvested restricted stock (both service-based and performance-based), totaling approximately 24,000 and 17,000 for the three and nine months ended March 31, 2022, respectively, were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive. Unvested restricted stock (both service-based and performance-based), totaling approximately 58,000 for the three months ended March 31, 2021, were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive. Unvested restricted stock (both service-based and performance-based), totaling 0.3 million for the nine months ended March 31, 2021, were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive due to the net loss. In addition, unvested performance-based restricted stock and unvested contingent restricted share awards that would not meet the performance criteria as of the period end are excluded from the computation of diluted earnings per common share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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