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Note 3 - Earnings Per Common Share
9 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

3. EARNINGS PER COMMON SHARE

 

  

Three Months Ended June 30,

  

Nine Months Ended June 30,

 
  

2022

  

2021

  

2022

  

2021

 

Basic Earnings Per Common Share:

                

Net (Loss) Income

 $(1.4) $5.3  $227.9  $281.6 

Less: Provision for preferred dividends

  3.7   3.7   11.1   11.1 

Income allocated to participating securities

     0.1   0.3   0.5 

(Loss) Income Available to Common Shareholders

 $(5.1) $1.5  $216.5  $270.0 

Weighted Average Common Shares Outstanding (in millions)

  52.2   51.6   51.9   51.6 

Basic (Loss) Earnings Per Common Share

 $(0.10) $0.03  $4.17  $5.24 
                 

Diluted Earnings Per Common Share:

                

Net (Loss) Income

 $(1.4) $5.3  $227.9  $281.6 

Less: Provision for preferred dividends

  3.7   3.7   11.1   11.1 

Income allocated to participating securities

     0.1   0.3   0.5 

(Loss) Income Available to Common Shareholders

 $(5.1) $1.5  $216.5  $270.0 

Weighted Average Common Shares Outstanding (in millions)

  52.2   51.6   51.9   51.6 

Dilutive Effect of Restricted Stock and Restricted Stock Units (in millions)*

  0.1   0.1   0.1   0.1 

Weighted Average Diluted Common Shares (in millions)

  52.3   51.7   52.0   51.7 

Diluted (Loss) Earnings Per Common Share

 $(0.10) $0.03  $4.16  $5.23 
                 

* Calculation excludes certain outstanding common shares (shown in millions by period at the right) attributable to stock units subject to performance or market conditions and restricted stock, which could have a dilutive effect in the future

  0.1   0.1   0.2   0.1