Earnings Per Share

9 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

(6) Earnings Per Share

Basic and diluted earnings per share are calculated as follows (in thousands, except per share amounts):

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
(Loss) income from continuing operations	$	(55,755	)	$	(23,384	)	$	(157,805	)	$	27,549
Loss from discontinued operations, net of tax		(3,365	)		(4,432	)		(3,878	)		(2,068	)
Net (loss) income	$	(59,120	)	$	(27,816	)	$	(161,683	)	$	25,481
Weighted average number of shares outstanding — basic		73,982			68,310			73,930			55,079
Basic (loss) earnings per share from continuing operations	$	(0.75	)	$	(0.34	)	$	(2.14	)	$	0.50
Basic loss per share from discontinued operations	$	(0.05	)	$	(0.07	)	$	(0.05	)	$	(0.04	)
Basic (loss) earnings per share	$	(0.80	)	$	(0.41	)	$	(2.19	)	$	0.46

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Diluted:
(Loss) income from continuing operations	$	(55,755	)	$	(23,384	)	$	(157,805	)	$	27,549
Interest on convertible debt -net of taxes		—			—			—			1,434
(Loss) income from continuing operations for diluted EPS	$	(55,755	)	$	(23,384	)	$	(157,805	)	$	28,983
Loss from discontinued operations, net of tax for diluted EPS		(3,365	)		(4,432	)		(3,878	)		(2,068	)
(Loss) income for diluted EPS	$	(59,120	)	$	(27,816	)	$	(161,683	)	$	26,915
Weighted average number of shares outstanding — basic		73,982			68,310			73,930			55,079
Effect of dilutive securities:
Shares issuable upon conversion of convertible debt		—			—			—			7,738
Shares issuable upon conversion of TEU prepaid stock purchase contracts		—			—			—			2,459
Weighted average number of shares outstanding — diluted		73,982			68,310			73,930			65,276
Diluted (loss) earnings per share from continuing operations	$	(0.75	)	$	(0.34	)	$	(2.14	)	$	0.44
Diluted loss per share from discontinued operations	$	(0.05	)	$	(0.07	)	$	(0.05	)	$	(0.03	)
Diluted (loss) earnings per share	$	(0.80	)	$	(0.41	)	$	(2.19	)	$	0.41

In computing diluted loss per share for the three and nine months ended June 30, 2011 and three months ended June 30, 2010, 25.4 million common shares issuable upon conversion of our Mandatory Convertible Subordinated Notes and Tangible Equity Unit prepaid stock purchase contracts were excluded from the computation of diluted loss per share as a result of their anti-dilutive effect. Also, in computing diluted loss per share for the three and nine months ended June 30, 2011 and the three months ended June 30, 2010, all common stock equivalents from employee compensation awards were excluded from the computation of diluted loss per share as a result of their anti-dilutive effect. In computing diluted earnings per share for the nine months ended June 30 2010, options/SSARs to purchase 1.9 million shares of common stock were not included in the computation of diluted earnings per share because their inclusion would have been anti-dilutive.