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Earnings Per Share
9 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (share amounts in thousands):
 
Three months ended June 30,
 
Nine months ended June 30,
 
2017
 
2016
 
2017
 
2016
Net (loss) income from continuing operations attributable to controlling interest
$
(1.5
)
 
$
54.5

 
$
(31.6
)
 
$
44.2

Net income (loss) from discontinued operations attributable to controlling interest
3.6

 
(187.4
)
 
163.8

 
(235.7
)
Net income (loss) attributable to controlling interest
$
2.1

 
$
(132.9
)
 
$
132.2

 
$
(191.5
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
200,376

 
198,589

 
199,845

 
198,241

Dilutive effect of unvested restricted stock and restricted stock units

 
1,718

 

 
1,964

Dilutive effect of stock options

 
1,319

 

 
1,223

Weighted-average shares outstanding - diluted
200,376

 
201,626

 
199,845

 
201,428

 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
Basic (loss) income from continuing operations
$
(0.01
)
 
$
0.27

 
$
(0.16
)
 
$
0.22

Basic income (loss) from discontinued operations
0.02

 
(0.94
)
 
0.82

 
(1.19
)
Basic
$
0.01

 
$
(0.67
)
 
$
0.66

 
$
(0.97
)
 
 
 
 
 
 
 
 
Diluted (loss) income from continuing operations
$
(0.01
)
 
$
0.27

 
$
(0.16
)
 
$
0.22

Diluted income (loss) from discontinued operations
0.02

 
(0.93
)
 
0.82

 
(1.17
)
Diluted
$
0.01

 
$
(0.66
)
 
$
0.66

 
$
(0.95
)
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects the actual number of HRG common stock outstanding, excluding unvested restricted stock.
The following were excluded from the calculation of “Diluted net (loss) income per common share attributable to controlling interest” because the as-converted effect of the unvested restricted stock and stock units, stock options and warrants would have been anti-dilutive (share amounts in thousands):
 
Three months ended June 30,
 
Nine months ended June 30,
 
2017
 
2016
 
2017
 
2016
Unvested restricted stock and restricted stock units
146

 

 
593

 

Stock options
1,900

 

 
1,781

 

Anti-dilutive warrants
156

 

 
183

 

For the three and nine months ended June 30, 2016, there were 1.8 million outstanding warrants to purchase HRG common stock at an exercise price of $13.125 per share that were excluded from the calculation of “Diluted net (loss) income per common share attributable to controlling interest” because the exercise price per share was above the average stock price for the three and nine months ended June 30, 2016.