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Earnings (Loss) Per Common Share (Tables)
 12 Months Ended
Sep. 30, 2016
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 amounts):

 

 

 

YEAR ENDED SEPTEMBER 30,

 

 

 

2016

 

 

2015

 

 

2014

 

Net income (loss)

 

$

(45,970

)

 

$

(32,641

)

 

$

36,911

 

Less: Income allocable to unvested restricted stock

 

 

—

 

 

 

—

 

 

 

(444

)

Income (loss) available to common shareholders

 

 

(45,970

)

 

 

(32,641

)

 

 

36,467

 

Reallocation of participating earnings

 

 

—

 

 

 

—

 

 

 

2

 

Income (loss) attributable to common shareholders

   for diluted earnings per share

 

$

(45,970

)

 

$

(32,641

)

 

 

36,469

 

Weighted average number of common share equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Common shares used in basic earnings (loss) per share

 

 

13,044,875

 

 

 

12,996,958

 

 

 

12,950,958

 

Common share equivalents outstanding related to

   stock options

 

 

—

 

 

 

—

 

 

 

46,051

 

Total weighted average common shares and common share

   equivalents used in diluted earnings per share

 

 

13,044,875

 

 

 

12,996,958

 

 

 

12,997,009

 

Earnings (loss) per shares:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(3.52

)

 

$

(2.51

)

 

$

2.82

 

Diluted

 

$

(3.52

)

 

$

(2.51

)

 

$

2.81