Earnings Per Share

3 Months Ended

Dec. 31, 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 December 31,
	2011		2010
Income (loss) from continuing operations	$	698	$	(48,272	)
Income (loss) from discontinued operations, net of tax		41		(536	)
Net income (loss)	$	739	$	(48,808	)
Weighted average number of shares outstanding - basic		74,165		73,878
Basic earnings (loss) per share from continuing operations	$	0.01	$	(0.65	)
Basic loss per share from discontinued operations	$	—	$	(0.01	)
Basic earnings (loss) per share	$	0.01	$	(0.66	)

	Three Months Ended December 31,
	2011		2010
Diluted:
Income (loss) from continuing operations	$	698	$	(48,272	)
Interest on convertible debt -net of taxes		—		—
Income (loss) from continuing operations for diluted EPS	$	698	$	(48,272	)
Income (loss) from discontinued operations, net of tax for diluted EPS		41		(536	)
Income (loss) for diluted EPS	$	739	$	(48,808	)
Weighted average number of shares outstanding - basic		74,165		73,878
Effect of dilutive securities:
Shares issuable upon vesting of performance-based restricted stock		32		—
Shares issuable upon conversion of TEU prepaid stock purchase contracts		12,909		—
Weighted average number of shares outstanding - diluted		87,106		73,878
Diluted earnings (loss) per share from continuing operations	$	0.01	$	(0.65	)
Diluted loss per share from discontinued operations	$	—	$	(0.01	)
Diluted earnings (loss) per share	$	0.01	$	(0.66	)

In computing diluted earnings per share for the three months ended December 31, 2011, 12.5 million common shares issuable upon conversion of our Mandatory Convertible Subordinated Notes and 3.6 million common stock equivalents related to our compensation plans were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect. In computing diluted loss per share for the three months ended December 31, 2010, all common stock equivalents and 25.4 million shares issuable upon conversion of our Mandatory Convertible Subordinated Notes and our TEU prepaid stock purchase contracts were excluded from the computation of diluted loss per share as a result of their anti-dilutive effect.