Earnings Per Share

Basic (loss) income per share is calculated by dividing net (loss) income by the weighted-average number of shares outstanding during the period. Diluted (loss) income per share adjusts the basic (loss) income per share for the effects of any potentially dilutive securities in periods in which the Company has net income and such effects are dilutive under the treasury stock method.

Following is a summary of the components of basic and diluted (loss) income per share for the periods presented:



	Fiscal Year Ended September 30,
(In thousands, except per share data)	2018			2017			2016
Numerator:
(Loss) income from continuing operations	$	(45,046	)	$	31,953		$	5,205
Loss from discontinued operations, net of tax	(329		)	(140		)	(512		)
Net (loss) income	$	(45,375	)	$	31,813		$	4,693

Denominator:
Basic weighted-average shares	32,141			31,952			31,798
Dilutive effect of restricted stock awards	—			433			5
Dilutive effect of stock options	—			41			—
Diluted weighted-average shares ⁽¹⁾	32,141			32,426			31,803

Basic (loss) income per share:
Continuing operations	$	(1.40	)	$	1.00		$	0.16
Discontinued operations	(0.01		)	—			(0.01		)
Total	$	(1.41	)	$	1.00		$	0.15

Diluted (loss) income per share:
Continuing operations	$	(1.40	)	$	0.99		$	0.16
Discontinued operations	(0.01		)	—			(0.01		)
Total	$	(1.41	)	$	0.99		$	0.15

⁽¹⁾The following potentially dilutive shares were excluded from the calculation of diluted (loss) income per share as a result of their anti-dilutive effect. Due to the reported net loss for the year ended September 30, 2018, all common stock equivalents were excluded from the computation of diluted loss per share for fiscal year 2018 because inclusion would have resulted in anti-dilution.



	Fiscal Year Ended September 30,
(In thousands)	2018	2017	2016
Stock options	533	319	693
Time-based restricted stock	432	—	770
Performance-based restricted stock	645	—	—