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Earnings Per Common Share (Tables)
9 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

Three Months Ended

June 30,

 

 

Nine Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Basic (Loss) Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (Loss) Income

 

$

(3.0

)

 

$

25.9

 

 

$

218.9

 

 

$

240.1

 

Less: Provision for preferred dividends

 

 

1.6

 

 

 

-

 

 

 

1.6

 

 

 

-

 

Income allocated to participating securities

 

 

-

 

 

 

0.1

 

 

 

0.5

 

 

 

0.5

 

(Loss) Income Available to Common Shareholders

 

$

(4.6

)

 

$

25.8

 

 

$

216.8

 

 

$

239.6

 

Weighted Average Common Shares Outstanding (in millions)

 

 

50.7

 

 

 

49.6

 

 

 

50.6

 

 

 

48.7

 

Basic (Loss) Earnings Per Common Share

 

$

(0.09

)

 

$

0.52

 

 

$

4.28

 

 

$

4.92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted (Loss) Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (Loss) Income

 

$

(3.0

)

 

$

25.9

 

 

$

218.9

 

 

$

240.1

 

Less: Provision for preferred dividends

 

 

1.6

 

 

 

-

 

 

 

1.6

 

 

 

-

 

Income allocated to participating securities

 

 

-

 

 

 

0.1

 

 

 

0.5

 

 

 

0.5

 

(Loss) Income Available to Common Shareholders

 

$

(4.6

)

 

$

25.8

 

 

$

216.8

 

 

$

239.6

 

Weighted Average Common Shares Outstanding (in millions)

 

 

50.7

 

 

 

49.6

 

 

 

50.6

 

 

 

48.7

 

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

 

 

0.2

 

 

 

0.1

 

 

 

0.2

 

 

 

0.1

 

Weighted Average Diluted Common Shares (in millions)

 

 

50.9

 

 

 

49.7

 

 

 

50.8

 

 

 

48.8

 

Diluted (Loss) Earnings Per Common Share

 

$

(0.09

)

 

$

0.52

 

 

$

4.27

 

 

$

4.91

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* 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

 

 

0.3

 

 

 

0.4

 

 

 

0.3

 

 

 

0.4