Earnings Per Share

Basic income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted income (loss) per share adjusts the basic income (loss) 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 income (loss) per share for the periods presented:



	Three Months Ended December 31,
in thousands, except per share data	2018			2017
Numerator:
Income (loss) from continuing operations	$	7,322		$	(130,575	)
Loss from discontinued operations, net of tax	(11		)	(372		)
Net income (loss)	$	7,311		$	(130,947	)

Denominator:
Basic weighted-average shares	31,967			32,055
Dilutive effect of restricted stock awards	244			—
Dilutive effect of stock options	11			—
Diluted weighted-average shares ^(a)	32,222			32,055

Basic and diluted income (loss) per share:
Continuing operations	$	0.23		$	(4.07	)
Discontinued operations	—			(0.01		)
Total	$	0.23		$	(4.08	)

^(a) The following potentially dilutive shares were excluded from the calculation of diluted income (loss) per share as a result of their anti-dilutive effect. Due to the reported net loss for the three months ended December 31, 2017, all common stock equivalents were excluded from the computation of diluted loss per share for that period because inclusion would have resulted in anti-dilution.



	Three Months Ended December 31,
in thousands	2018	2017
Stock options	493	556
Time-based restricted stock	195	828
Performance-based restricted stock	—	628