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Earnings per Share (Tables)
3 Months Ended
Dec. 31, 2015
Earnings per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2015

 

2014
(as adjusted)

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

Income from continuing operations

 

$

15,898

 

$

203,623

 

Income (loss) from discontinued operations

 

104

 

(15

)

 

 

 

 

 

 

Net income

 

16,002

 

203,608

 

Adjustment for basic earnings per share:

 

 

 

 

 

Earnings allocated to unvested shareholders

 

(260

)

(1,258

)

 

 

 

 

 

 

Numerator for basic earnings per share:

 

 

 

 

 

From continuing operations

 

15,638

 

202,365

 

From discontinued operations

 

104

 

(15

)

 

 

 

 

 

 

 

 

15,742

 

202,350

 

Adjustment for diluted earnings per share:

 

 

 

 

 

Effect of reallocating undistributed earnings of unvested shareholders

 

 

6

 

Numerator for diluted earnings per share:

 

 

 

 

 

From continuing operations

 

15,638

 

202,371

 

From discontinued operations

 

104

 

(15

)

 

 

 

 

 

 

 

 

$

15,742

 

$

202,356

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Denominator for basic earnings per share — weighted-average shares

 

107,852

 

107,973

 

Effect of dilutive shares from stock options and restricted stock

 

557

 

870

 

 

 

 

 

 

 

Denominator for diluted earnings per share — adjusted weighted-average shares

 

108,409

 

108,843

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

Income from continuing operations

 

$

0.15

 

$

1.87

 

Income from discontinued operations

 

 

 

 

 

 

 

 

 

Net income

 

$

0.15

 

$

1.87

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

Income from continuing operations

 

$

0.15

 

$

1.86

 

Income from discontinued operations

 

 

 

 

 

 

 

 

 

Net income

 

$

0.15

 

$

1.86

 

 

 

 

 

 

 

 

 

 

 

Schedule of shares attributable to outstanding equity awards excluded from the calculation of diluted earnings per share

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2015

 

2014

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

Shares excluded from calculation of diluted earnings per share

 

1,899 

 

669 

 

Weighted-average price per share

 

$

63.66 

 

$

72.87