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Earnings per Share (Tables)
 6 Months Ended
Mar. 31, 2016
Earnings per Share  
Schedule of computation of basic and diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

March 31,

 

March 31,

 

(in thousands, except per-share amounts)

    

2015

    

2016

    

2015

    

2016

    

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
(24,988)

 

$
2,612

 

$
(17,837)

 

$
15,549

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to non-controlling interest

 

 
(259)

 

 
(283)

 

 
(504)

 

 
(579)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustment of estimated redemption value of non-controlling interest

 

 
276

 

 
0

 

 
0

 

 
0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share from continuing operations — income (loss) from continuing operations attributable to Headwaters Incorporated

 

 
(24,971)

 

 
2,329

 

 
(18,341)

 

 
14,970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share from discontinued operations — income (loss) from discontinued operations, net of income taxes

 

 
(210)

 

 
(228)

 

 
(277)

 

 
(444)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share — net income (loss) attributable to Headwaters Incorporated

 

$
(25,181)

 

$
2,101

 

$
(18,618)

 

$
14,526

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share — weighted-average shares outstanding

 

 
73,555

 

 
73,818

 

 
73,501

 

 
73,804

 

Effect of dilutive securities — shares issuable upon exercise of options and SARs and vesting of restricted stock

 

 
0

 

 
1,523

 

 
0

 

 
1,549

 

Denominator for diluted earnings per share — weighted-average shares outstanding after assumed exercises and vesting

 

 
73,555

 

 
75,341

 

 
73,501

 

 
75,353

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share attributable to Headwaters Incorporated:

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

 

$
(0.34)

 

$
0.03

 

$
(0.25)

 

$
0.21

 

From discontinued operations

 

 
0.00

 

 
0.00

 

 
0.00

 

 
(0.01)

 

 

 

$
(0.34)

 

$
0.03

 

$
(0.25)

 

$
0.20

 

Diluted income (loss) per share attributable to Headwaters Incorporated:

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

 

$
(0.34)

 

$
0.03

 

$
(0.25)

 

$
0.20

 

From discontinued operations

 

 
0.00

 

 
0.00

 

 
0.00

 

 
(0.01)

 

 

 

$
(0.34)

 

$
0.03

 

$
(0.25)

 

$
0.19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive securities not considered in diluted EPS calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-settled SARs

 

 
3,811

 

 
256

 

 
2,358

 

 
292

 

Stock options

 

 
105

 

 
0

 

 
105

 

 
36

 

Restricted stock

 

 
264

 

 
0

 

 
132

 

 
0