EARNINGS (LOSSES) PER COMMON SHARE (Tables)

9 Months Ended

Jun. 30, 2023

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 June 30,				Nine Months Ended June 30,
(in thousands, except per share amounts)	2023		2022		2023		2022
Numerator:
Income (loss) from continuing operations	$	95,280	$	17,475	$	355,608	$	(38,480)
Income (loss) from discontinued operations	13		277		870		(106)
Net income (loss)	95,293		17,752		356,478		(38,586)
Adjustment for basic earnings (loss) per share
Earnings allocated to unvested shareholders	(1,283)		(368)		(4,810)		(1,138)
Numerator for basic earnings (loss) per share:
From continuing operations	93,997		17,107		350,798		(39,618)
From discontinued operations	13		277		870		(106)
	94,010		17,384		351,668		(39,724)
Adjustment for diluted earnings (loss) per share
Effect of reallocating undistributed earnings of unvested shareholders	2		—		9		—
Numerator for diluted earnings (loss) per share:
From continuing operations	93,999		17,107		350,807		(39,618)
From discontinued operations	13		277		870		(106)
	$	94,012	$	17,384	$	351,677	$	(39,724)
Denominator:
Denominator for basic earnings (loss) per share - weighted-average shares	101,163		105,289		103,464		106,092
Effect of dilutive shares from restricted stock and performance share units	387		732		388		—
Denominator for diluted earnings (loss) per share - adjusted weighted-average shares	101,550		106,021		103,852		106,092
Basic earnings (loss) per common share:
Income (loss) from continuing operations	$	0.93	$	0.16	$	3.39	$	(0.37)
Income from discontinued operations	—		—		0.01		—
Net income (loss)	$	0.93	$	0.16	$	3.40	$	(0.37)
Diluted earnings (loss) per common share:
Income (loss) from continuing operations	$	0.93	$	0.16	$	3.38	$	(0.37)
Income from discontinued operations	—		—		0.01		—
Net income (loss)	$	0.93	$	0.16	$	3.39	$	(0.37)

Schedule of Anti-Dilutive Shares 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 June 30,				Nine Months Ended June 30,
(in thousands, except per share amounts)	2023		2022		2023		2022
Potentially dilutive shares excluded as anti-dilutive	2,964		2,429		2,479		2,605
Weighted-average price per share	$	58.86	$	63.16	$	61.88	$	61.84