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Earnings per Share (Tables)
6 Months Ended
Mar. 31, 2016
Earnings per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2016

 

2015
(as adjusted)

 

2016

 

2015
(as adjusted)

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

25,174

 

$

153,542

 

$

41,072

 

$

357,165

 

Income (loss) from discontinued operations

 

(3,969

)

1

 

(3,865

)

(14

)

 

 

 

 

 

 

 

 

 

 

Net income

 

21,205

 

153,543

 

37,207

 

357,151

 

Adjustment for basic earnings per share:

 

 

 

 

 

 

 

 

 

Earnings allocated to unvested shareholders

 

(483

)

(974

)

(940

)

(2,241

)

 

 

 

 

 

 

 

 

 

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

 

 

From continuing operations

 

24,691

 

152,568

 

40,132

 

354,924

 

From discontinued operations

 

(3,969

)

1

 

(3,865

)

(14

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustment for diluted earnings per share:

 

20,722

 

152,569

 

36,267

 

354,910

 

Effect of reallocating undistributed earnings of unvested shareholders

 

 

3

 

 

10

 

 

 

 

 

 

 

 

 

 

 

Numerator for diluted earnings per share:

 

 

 

 

 

 

 

 

 

From continuing operations

 

24,691

 

152,571

 

40,132

 

354,934

 

From discontinued operations

 

(3,969

)

1

 

(3,865

)

(14

)

 

 

 

 

 

 

 

 

 

 

 

 

$

20,722

 

$

152,572

 

$

36,267

 

$

354,920

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share — weighted-average shares

 

108,014

 

107,646

 

107,933

 

107,812

 

Effect of dilutive shares from stock options and restricted stock

 

452

 

724

 

497

 

808

 

 

 

 

 

 

 

 

 

 

 

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

 

108,466

 

108,370

 

108,430

 

108,620

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.23

 

$

1.42

 

$

0.38

 

$

3.29

 

Loss from discontinued operations

 

(0.04

)

 

(0.04

)

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

0.19

 

$

1.42

 

$

0.34

 

$

3.29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.23

 

$

1.41

 

$

0.37

 

$

3.27

 

Loss from discontinued operations

 

(0.04

)

 

(0.04

)

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

0.19

 

$

1.41

 

$

0.33

 

$

3.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2016

 

2015

 

2016

 

2015

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

Shares excluded from calculation of diluted earnings per share

 

2,211 

 

667 

 

2,211 

 

667 

 

Weighted-average price per share

 

$

62.29 

 

$

72.85 

 

$

62.29 

 

$

72.85