Earnings (Loss) Per Share of Common Stock

12 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Earnings (Loss) Per Share of Common Stock

17. Earnings (Loss) Per Share of Common Stock

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, increased to include the number of shares of common stock that would have been outstanding had potential dilutive shares of common stock been issued. Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculation for the periods indicated: 

	Fiscal Year Ended
	September 30, 2020			September 30, 2019		September 30, 2018
Numerator:
Net (loss) income available to common stockholders	$	(41.6	)	$	44.4	$	(15.1	)
Denominator:
Weighted average number of common shares outstanding – basic		103,670,000			102,800,000		83,369,000
Basic (loss) earnings per share	$	(0.40	)	$	0.43	$	(0.18	)
Weighted average number of common shares outstanding – diluted		103,670,000			103,363,000		83,369,000
Diluted (loss) earnings per share	$	(0.40	)	$	0.43	$	(0.18	)
Other Information:
Weighted average number of anti-dilutive options and restricted    stock (a)		8,210,000			5,935,000		1,283,000

(a) Weighted average number of anti-dilutive options is based upon the average closing price of the Company’s common stock on the NYSE for the period.