Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Calculation of net earnings (loss) and weighted average common shares and common equivalent shares outstanding for computation of earnings (loss) per share

The following table summarizes the calculation of net earnings (loss) and weighted average common shares and common equivalent shares outstanding for purposes of the computation of earnings (loss) per share (in thousands, except share and per share data):

	Three Months Ended					Six Months Ended
	March 31, 2015			March 31, 2014		March 31, 2015			March 31, 2014
Net income (loss)	$	(5,182	)	$	10,816	$	(10,627	)	$	34,992
Less: Income allocable to unvested restricted stock		—			109		—			353
Income (loss) available to common shareholders		(5,182	)		10,707		(10,627	)		34,639
Reallocation of participating earnings		—			—		—			1
Income (loss) attributable to common shareholders for diluted earnings per share	$	(5,182	)	$	10,707	$	(10,627	)	$	34,640
Weighted average number of common share equivalents:
Common shares used in basic earnings (loss) per share		13,002,616			12,950,416		12,990,129			12,948,788
Common share equivalents outstanding  related to stock options		—			51,967		—			52,287
Total weighted average common shares and common share equivalents used in diluted earnings (loss) per share		13,002,616			13,002,383		12,990,129			13,001,075
Earnings (loss) per share:
Basic	$	(0.40	)	$	0.83	$	(0.82	)	$	2.68
Diluted	$	(0.40	)	$	0.82	$	(0.82	)	$	2.66