Net (Loss) Income Per Share

9 Months Ended

Jun. 30, 2021

Earnings Per Share, Basic and Diluted [Abstract]

The following table sets forth the computation for basic and diluted net (loss) income per share (in thousands, except per share amounts):


	Three Months Ended June 30,				Nine Months Ended June 30,
	2021		2020		2021		2020
Numerator:
Net (loss) income from continuing operations	$	(26,267)	$	2,261	$	(6,579)	$	19,402
Net income (loss) from discontinued operations	—		14,401		(8,427)		25,939
Net (loss) income	$	(26,267)	$	16,662	$	(15,006)	$	45,341

Denominator:
Weighted average common shares outstanding — basic	294,388		281,281		287,826		282,674

Dilutive effect of employee stock compensation plans(a)	—		6,571		—		5,422
Weighted average common shares outstanding — diluted	294,388		287,852		287,826		288,096

Net (loss) income per common share - basic:
Continuing operations	$	(0.09)	$	0.01	$	(0.02)	$	0.07
Discontinued operations	—		0.05		(0.03)		0.09
Total net (loss) income per basic common share	$	(0.09)	$	0.06	$	(0.05)	$	0.16

Net (loss) income per common share - diluted:
Continuing operations	$	(0.09)	$	0.01	$	(0.02)	$	0.07
Discontinued operations	—		0.05		(0.03)		0.09
Total net (loss) income per diluted common share	$	(0.09)	$	0.06	$	(0.05)	$	0.16

Anti-dilutive equity instruments excluded from the calculation	—		158		45		93
Contingently issuable awards excluded from the calculation	—		15		—		1,841

__________

(a)Certain performance-based awards were excluded from the determination of dilutive net (loss) income per share as the conditions were not met at the end of the reporting period.