EARNINGS (LOSSES) PER COMMON SHARE (Tables)

3 Months Ended

Dec. 31, 2020

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share:


	Three Months Ended December 31,
(in thousands, except per share amounts)		2020		2019
Numerator:
Income (loss) from continuing operations		$	(77,924)	$	30,729
Income (loss) from discontinued operations		7,493		(124)
Net income (loss)		(70,431)		30,605
Adjustment for basic earnings (loss) per share
Earnings allocated to unvested shareholders		(361)		(991)

Numerator for basic earnings (loss) per share:
From continuing operations		(78,285)		29,738
From discontinued operations		7,493		(124)
		(70,792)		29,614
Adjustment for diluted earnings (loss) per share:
Effect of reallocating undistributed earnings of unvested shareholders		—		—

Numerator for diluted earnings (loss) per share:
From continuing operations		(78,285)		29,738
From discontinued operations		7,493		(124)
		$	(70,792)	$	29,614
Denominator:
Denominator for basic earnings (loss) per share - weighted-average shares		107,617		108,555
Effect of dilutive shares from stock options, restricted stock and performance share units		—		169
Denominator for diluted earnings (loss) per share - adjusted weighted-average shares		107,617		108,724

Basic earnings (loss) per common share:
Income (loss) from continuing operations		$	(0.73)	$	0.27
Income from discontinued operations		0.07		—
Net income (loss)		$	(0.66)	$	0.27

Diluted earnings (loss) per common share:
Income (loss) from continuing operations		$	(0.73)	$	0.27
Income from discontinued operations		0.07		—
Net income (loss)		$	(0.66)	$	0.27

Schedule of Shares Attributable to Outstanding Equity Awards Excluded from the Calculation of Diluted Earnings Per Share

The following potentially dilutive average shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings (loss) per share because their inclusion would have been anti-dilutive:


	Three Months Ended December 31,
(in thousands, except per share amounts)		2020		2019
Potentially dilutive shares excluded as anti-dilutive		4,494		3,413
Weighted-average price per share		$	55.61	$	61.02