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:



	Three Months Ended March 31,						Six Months Ended March 31,
in thousands, except per share data	2019			2018			2019			2018
Numerator:
(Loss) income from continuing operations	$	(100,832	)	$	11,616		$	(93,510	)	$	(118,959	)
Loss from discontinued operations, net of tax	(30		)	(58		)	(41		)	(430		)
Net (loss) income	$	(100,862	)	$	11,558		$	(93,551	)	$	(119,389	)

Denominator:
Basic weighted-average shares	30,714			32,140			31,263			32,097
Dilutive effect of restricted stock awards	—			466			—			—
Dilutive effect of stock options	—			115			—			—
Diluted weighted-average shares ^(a)	30,714			32,721			31,263			32,097

Basic (loss) income per share:
Continuing operations	$	(3.28	)	$	0.36		$	(2.99	)	$	(3.71	)
Discontinued operations	—			—			—			(0.01		)
Total	$	(3.28	)	$	0.36		$	(2.99	)	$	(3.72	)

Diluted (loss) income per share:
Continuing operations	$	(3.28	)	$	0.36		$	(2.99	)	$	(3.71	)
Discontinued operations	—			(0.01		)	—			(0.01		)
Total	$	(3.28	)	$	0.35		$	(2.99	)	$	(3.72	)

^(a) 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 three and six months ended March 31, 2019 and six months ended March 31, 2018, all common stock equivalents were excluded from the computation of diluted loss per share for those periods because inclusion would have resulted in anti-dilution.



	Three Months Ended March 31,		Six Months Ended March 31,
in thousands	2019	2018	2019	2018
Stock options	529	179	529	550
Time-based restricted stock	645	142	645	842
Performance-based restricted stock	796	—	796	646