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Earnings Per Share (Tables)
6 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic Shares to Diluted Shares

The following table presents the reconciliation of the numerator and denominator for calculating net (loss) income per share:

 

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

in thousands, except per share data

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income - basic and diluted

 

$

(26,089

)

 

$

(476

)

 

$

(28,247

)

 

$

18,568

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

40,219

 

 

 

39,189

 

 

 

40,088

 

 

 

39,013

 

Dilutive effect of restricted stock awards

 

 

-

 

 

 

-

 

 

 

-

 

 

 

573

 

Weighted average common shares outstanding - diluted

 

 

40,219

 

 

 

39,189

 

 

 

40,088

 

 

 

39,586

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.65

)

 

$

(0.01

)

 

$

(0.70

)

 

$

0.48

 

Diluted

 

$

(0.65

)

 

$

(0.01

)

 

$

(0.70

)

 

$

0.47

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Potential Shares Considered Antidilutive The following table sets forth potential shares that were considered anti-dilutive during the three and six months ended March 31, 2023 and 2022.

 

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

in thousands

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Restricted stock unit awards

 

 

382

 

 

 

292

 

 

 

-

 

 

 

-

 

Contingently issuable stock awards

 

 

103

 

 

 

-

 

 

 

90

 

 

 

-

 

Conversion option of our Convertible Senior Notes

 

 

4,677

 

 

 

4,677

 

 

 

4,677

 

 

 

4,677