Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2021

Schedule of basic and diluted earnings per share

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


	Fiscal Year Ended September 30,
in thousands (except per share data)	2021		2020		2019
Numerator:
Income (loss) from continuing operations	$	122,180	$	53,316	$	(79,421)
Loss from discontinued operations, net of tax	(159)		(1,090)		(99)
Net income (loss)	$	122,021	$	52,226	$	(79,520)

Denominator:
Basic weighted-average shares	29,954		29,704		30,617
Dilutive effect of restricted stock awards	461		229		—
Dilutive effect of stock options	22		15		—


Diluted weighted-average shares (a)	30,437		29,948		30,617

Basic income (loss) per share:
Continuing operations	$	4.08	$	1.80	$	(2.59)
Discontinued operations	(0.01)		(0.04)		(0.01)
Total	$	4.07	$	1.76	$	(2.60)

Diluted income (loss) per share:
Continuing operations	$	4.01	$	1.78	$	(2.59)
Discontinued operations	—		(0.04)		(0.01)
Total	$	4.01	$	1.74	$	(2.60)

(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 losses for the year ended September 30, 2019, all common stock equivalents were excluded from the computation of diluted loss per share for fiscal year 2019 because inclusion would have resulted in anti-dilution.

Schedule of antidilutive securities


	Fiscal Year Ended September 30,
in thousands	2021	2020	2019
Stock options	142	375	524
Time-based restricted stock	—	46	612
Performance-based restricted stock	—	—	779