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Net Income (Loss) Per Share (Tables)
6 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Components and Calculation of Basic and Diluted Net Income (Loss) Per Share

The following table presents the components and calculations of basic and diluted net income (loss) per share for each period presented (in thousands, except share and per share amounts):

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income (loss)

$

(66,655

)

 

$

(9,356

)

 

$

941

 

 

$

11,074

 

Less: Dividends on preferred shares, declared

 

6,000

 

 

 

-

 

 

 

6,000

 

 

 

-

 

Net income (loss) attributable to common shareholders

$

(72,655

)

 

$

(9,356

)

 

$

(5,059

)

 

$

11,074

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic

 

68,019,300

 

 

 

60,141,580

 

 

 

67,922,276

 

 

 

60,041,332

 

Effect of common share equivalents

 

-

 

 

 

-

 

 

 

-

 

 

 

1,028,606

 

Effect of Preferred Stock conversion

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Weighted-average common shares outstanding, diluted

 

68,019,300

 

 

 

60,141,580

 

 

 

67,922,276

 

 

 

61,069,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share - basic

$

(1.07

)

 

$

(0.16

)

 

$

(0.07

)

 

$

0.18

 

Net income (loss) per share - diluted

$

(1.07

)

 

$

(0.16

)

 

$

(0.07

)

 

$

0.18

 

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table includes the number of shares that may be dilutive common shares in the future. These shares were not included in the computation of diluted net income per share because the effect was either anti-dilutive or the requisite performance conditions were not met:

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Stock options

 

275,209

 

 

 

270,428

 

 

 

281,742

 

 

 

416,085

 

Restricted stock units

 

90,024

 

 

 

-

 

 

 

45,012

 

 

 

123,780