Earnings Per Share

3 Months Ended

Dec. 31, 2021

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 per share for the periods presented:


	Three Months Ended December 31,
in thousands (except per share data)	2021		2020
Numerator:
Income from continuing operations	$	34,895	$	12,036
Loss from discontinued operations, net of tax	(10)		(39)
Net income	$	34,885	$	11,997

Denominator:
Basic weighted-average shares	30,336		29,771
Dilutive effect of restricted stock awards	379		294
Dilutive effect of stock options	9		21
Diluted weighted-average shares (a)	30,724		30,086

Basic income per share:
Continuing operations	$	1.15	$	0.40
Discontinued operations	—		—
Total	$	1.15	$	0.40

Diluted income per share:
Continuing operations	$	1.14	$	0.40
Discontinued operations	—		—
Total	$	1.14	$	0.40

(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.


	Three Months Ended December 31,
in thousands	2021	2020
Stock options	47,908	242,793