Earnings per Share (Tables)

9 Months Ended

Jun. 30, 2018

Earnings per Share

Schedule of computation of basic and diluted earnings per share

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
	(in thousands, except per share amounts)
Numerator:
(Loss) income from continuing operations	$	(8,174)	$	(23,125)	$	490,835	$	(106,152)
Income (loss) from discontinued operations		166		1,326		(10,616)		472
Net (loss) income		(8,008)		(21,799)		480,219		(105,680)
Adjustment for basic earnings per share
Earnings allocated to unvested shareholders		(717)		(458)		(4,241)		(1,349)
Numerator for basic earnings per share:
From continuing operations		(8,891)		(23,583)		486,594		(107,501)
From discontinued operations		166		1,326		(10,616)		472
		(8,725)		(22,257)		475,978		(107,029)
Adjustment for diluted earnings per share:
Effect of reallocating undistributed earnings of unvested shareholders		—		—		10		—
Numerator for diluted earnings per share:
From continuing operations		(8,891)		(23,583)		486,604		(107,501)
From discontinued operations		166		1,326		(10,616)		472
	$	(8,725)	$	(22,257)	$	475,988	$	(107,029)
Denominator:
Denominator for basic earnings per share - weighted-average shares		108,905		108,572		108,818		108,470
Effect of dilutive shares from stock options and restricted stock		—		—		520		—
Denominator for diluted earnings per share - adjusted weighted-average shares		108,905		108,572		109,338		108,470
Basic earnings per common share:
(Loss) income from continuing operations	$	(0.08)	$	(0.22)	$	4.47	$	(0.99)
Income (loss) from discontinued operations		—		0.01		(0.10)		—
Net (loss) income	$	(0.08)	$	(0.21)	$	4.37	$	(0.99)
Diluted earnings per common share:
(Loss) income from continuing operations	$	(0.08)	$	(0.22)	$	4.45	$	(0.99)
Income (loss) from discontinued operations		—		0.01		(0.10)		—
Net (loss) income	$	(0.08)	$	(0.21)	$	4.35	$	(0.99)

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

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
	(in thousands, except per share amounts)
Shares excluded from calculation of diluted earnings per share		929		1,332		1,585		1,034
Weighted-average price per share	$	75.56	$	70.82	$	68.51	$	73.84