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EARNINGS (LOSS) PER COMMON SHARE
 6 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER COMMON SHARE
EARNINGS (LOSS) PER COMMON SHARE

The computation of basic and diluted earnings (loss) per share for the three and six months ended March 31, 2017 and 2016 is as follows:

 
Three Months Ended
 
Six Months Ended
(In thousands, except per share amounts)
Net (Loss)
Income
 
Shares
 
Per Share Amount
 
Net (Loss)
Income
 
Shares
 
Per Share Amount
March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Basic (loss) earnings per share
$
(28,862
)
 
78,270

 
$
(0.37
)
 
$
(19,191
)
 
71,504

 
$
(0.27
)
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Restricted stock and performance units
—

 
—

 
—

 
—

 
—

 
—

Diluted (loss) earnings per share
$
(28,862
)
 
78,270

 
$
(0.37
)
 
$
(19,191
)
 
71,504

 
$
(0.27
)
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
$
122,437

 
64,781

 
1.89

 
161,518

 
64,739

 
$
2.49

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Restricted stock and performance units
—

 
44

 
—

 
—

 
131

 
—

Diluted earnings per share
$
122,437

 
64,825

 
$
1.89

 
$
161,518

 
64,870

 
$
2.49



Potential dilutive common shares outstanding stock-based awards totaling 911,370 and 505,372 shares were considered in the calculation of diluted weighted-average shares for the three and six months ended March 31, 2017, respectively; however, due to our net loss position, those shares have not been reflected above because they would be anti-dilutive.

For the purpose of calculating diluted earnings per share for the three and six months ended March 31, 2017, there were approximately 2,783,284 and 3,189,282 anti-dilutive securities, respectively, and for the three and six months ended March 31, 2016, there were approximately 2,090,399 and 2,085,649 anti-dilutive securities, respectively.