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EARNINGS PER SHARE (Tables)
12 Months Ended
Sep. 30, 2017
EARNINGS PER SHARE  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 

 

 

 

2017

    

2016

    

2015

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(127,863)

 

$

(52,990)

 

$

420,474

 

Loss from discontinued operations

 

 

(349)

 

 

(3,838)

 

 

(47)

 

Net income (loss)

 

 

(128,212)

 

 

(56,828)

 

 

420,427

 

Adjustment for basic earnings per share

 

 

 

 

 

 

 

 

 

 

Earnings allocated to unvested shareholders

 

 

(1,811)

 

 

(1,858)

 

 

(2,163)

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

 

 

 

From continuing operations

 

 

(129,674)

 

 

(54,848)

 

 

418,311

 

From discontinued operations

 

 

(349)

 

 

(3,838)

 

 

(47)

 

 

 

 

(130,023)

 

 

(58,686)

 

 

418,264

 

Adjustment for diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Effect of reallocating undistributed earnings of unvested shareholders

 

 

 —

 

 

 —

 

 

 6

 

Numerator for diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

From continuing operations

 

 

(129,674)

 

 

(54,848)

 

 

418,317

 

From discontinued operations

 

 

(349)

 

 

(3,838)

 

 

(47)

 

 

 

$

(130,023)

 

$

(58,686)

 

$

418,270

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share - weighted-average shares

 

 

108,500

 

 

107,996

 

 

107,754

 

Effect of dilutive shares from stock options and restricted stock

 

 

 

 

 

 —

 

 

816

 

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

 

 

108,500

 

 

107,996

 

 

108,570

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(1.20)

 

$

(0.50)

 

$

3.88

 

Loss from discontinued operations

 

 

 —

 

 

(0.04)

 

 

 —

 

Net income (loss)

 

$

(1.20)

 

$

(0.54)

 

$

3.88

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(1.20)

 

$

(0.50)

 

$

3.85

 

Loss from discontinued operations

 

 

 —

 

 

(0.04)

 

 

 —

 

Net income (loss)

 

$

(1.20)

 

$

(0.54)

 

$

3.85

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

    

2016

    

2015

 

 

 

(in thousands, except

 

 

 

per share amounts)

 

Shares excluded from calculation of diluted earnings per share

 

 

1,008

 

 

1,788

 

 

667

 

Weighted-average price per share

 

$

74.38

 

$

63.73

 

$

72.85