XML 23 R11.htm IDEA: XBRL DOCUMENT v3.23.2
Note 3 - Earnings Per Common Share
9 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

3. EARNINGS PER COMMON SHARE

 

  

Three Months Ended June 30,

  

Nine Months Ended June 30,

 
  

2023

  

2022

  

2023

  

2022

 

Basic Earnings Per Common Share:

                

Net (Loss) Income

 $(21.6) $(1.4) $248.6  $227.9 

Less: Provision for preferred dividends

  3.7   3.7   11.1   11.1 

(Loss) income allocated to participating securities

  (0.1)     0.4   0.3 

(Loss) Income Available to Common Shareholders

 $(25.2) $(5.1) $237.1  $216.5 

Weighted Average Common Shares Outstanding (in millions)

  52.5   52.2   52.5   51.9 

Basic (Loss) Earnings Per Common Share

 $(0.48) $(0.10) $4.52  $4.17 
                 

Diluted Earnings Per Common Share:

                

Net (Loss) Income

 $(21.6) $(1.4) $248.6  $227.9 

Less: Provision for preferred dividends

  3.7   3.7   11.1   11.1 

(Loss) income allocated to participating securities

  (0.1)     0.4   0.3 

(Loss) Income Available to Common Shareholders

 $(25.2) $(5.1) $237.1  $216.5 

Weighted Average Common Shares Outstanding (in millions)

  52.5   52.2   52.5   51.9 

Dilutive Effect of forward sales of common stock, restricted stock and restricted stock units (in millions)*

        0.1   0.1 

Weighted Average Diluted Common Shares (in millions)

  52.5   52.2   52.6   52.0 

Diluted (Loss) Earnings Per Common Share

 $(0.48) $(0.10) $4.51  $4.16 
                 

* Calculation excludes certain outstanding or potential common shares (shown in millions by period at the right) attributable to (1) forward sales of common stock, (2) stock units subject to performance or market conditions, and (3) restricted stock, which could have a dilutive effect in the future

  2.7   0.2   2.5   0.2