EARNINGS (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Dec. 31, 2018

EARNINGS (LOSS) PER COMMON SHARE

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended
	December 31,
	2018		2017
	(in thousands, except per share amounts)
Numerator:
Income from continuing operations	$	8,364	$	500,642
Income (loss) from discontinued operations		10,595		(536)
Net income		18,959		500,106
Adjustment for basic earnings per share
Earnings allocated to unvested shareholders		(777)		(3,537)
Numerator for basic earnings per share:
From continuing operations		7,587		497,105
From discontinued operations		10,595		(536)
		18,182		496,569
Adjustment for diluted earnings per share:
Effect of reallocating undistributed earnings of unvested shareholders		(1)		10
Numerator for diluted earnings per share:
From continuing operations		7,586		497,115
From discontinued operations		10,595		(536)
	$	18,181	$	496,579
Denominator:
Denominator for basic earnings per share - weighted-average shares		109,142		108,683
Effect of dilutive shares from stock options, restricted stock and performance units		283		412
Denominator for diluted earnings per share - adjusted weighted-average shares		109,425		109,095
Basic earnings per common share:
Income from continuing operations	$	0.07	$	4.57
Income from discontinued operations		0.10		—
Net income	$	0.17	$	4.57
Diluted earnings per common share:
Income from continuing operations	$	0.07	$	4.55
Income from discontinued operations		0.10		—
Net income	$	0.17	$	4.55

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

The following shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:

	Three Months Ended
	December 31,
	2018		2017
	(in thousands, except per share amounts)
Shares excluded from calculation of diluted earnings per share		2,089		3,377
Weighted-average price per share	$	67.25	$	63.47