XML 32 R38.htm IDEA: XBRL DOCUMENT v3.19.3
EARNINGS (LOSSES) PER COMMON SHARE (Tables)
 12 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:
 
September 30,
(in thousands, except per share amounts)
2019
    
2018
    
2017
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
(32,510
)
 
$
493,010

 
$
(127,863
)
Loss from discontinued operations
(1,146
)
 
(10,338
)
 
(349
)
Net income (loss)
(33,656
)
 
482,672

 
(128,212
)
Adjustment for basic earnings per share
 
 
 
 
 
Earnings allocated to unvested shareholders
(3,102
)
 
(4,346
)
 
(1,811
)
Numerator for basic earnings (loss) per share:
 
 
 
 
 
From continuing operations
(35,612
)
 
488,664

 
(129,674
)
From discontinued operations
(1,146
)
 
(10,338
)
 
(349
)
 
(36,758
)
 
478,326

 
(130,023
)
Adjustment for diluted earnings (loss) per share:
 
 
 
 
 
Effect of reallocating undistributed earnings of unvested shareholders
—

 
7

 
—

Numerator for diluted earnings (loss) per share:
 
 
 
 
 
From continuing operations
(35,612
)
 
488,671

 
(129,674
)
From discontinued operations
(1,146
)
 
(10,338
)
 
(349
)
 
$
(36,758
)
 
$
478,340

 
$
(130,023
)
Denominator:
 
 
 
 
 
Denominator for basic earnings (loss) per share - weighted-average shares
109,216

 
108,851

 
108,500

Effect of dilutive shares from stock options, restricted stock and performance share units
—

 
536

 
—

Denominator for diluted earnings (loss) per share - adjusted weighted-average shares
109,216

 
109,387

 
108,500

Basic earnings (loss) per common share:
 
 
 
 
 
Income (loss) from continuing operations
$
(0.33
)
 
$
4.49

 
$
(1.20
)
Loss from discontinued operations
(0.01
)
 
(0.10
)
 
—

Net income (loss)
$
(0.34
)
 
$
4.39

 
$
(1.20
)
Diluted earnings (loss) per common share:
 
 
 
 
 
Income (loss) from continuing operations
$
(0.33
)
 
$
4.47

 
$
(1.20
)
Loss from discontinued operations
(0.01
)
 
(0.10
)
 
—

Net income (loss)
$
(0.34
)
 
$
4.37

 
$
(1.20
)
Anti-Dilutive Shares Excluded from the Calculation of Diluted Earnings Per Share
The following average shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:
(in thousands, except per share amounts)
2019
    
2018
    
2017
Shares excluded from calculation of diluted earnings (loss) per share
3,031

 
1,559

 
1,008

Weighted-average price per share
$
63.33

 
$
68.28

 
$
74.38