Earnings per Share

9 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings per Share

13. Earnings per Share

The calculations of basic and diluted net income per share and basic and diluted weighted average shares outstanding are as follows for the three and nine months ended June 30, 2020 and 2019 (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Income from continuing operations	$	13,696	$	921	$	36,062	$	4,359
Income (loss) from discontinued operations, net of tax		—		6,333		(182)		20,731
Net income	$	13,696	$	7,254	$	35,880	$	25,090
Weighted average common shares outstanding used in computing basic earnings per share		73,759		72,188		73,473		71,903
Dilutive restricted stock units		101		282		293		410
Weighted average common shares outstanding used in computing diluted earnings per share		73,860		72,470		73,766		72,313
Basic net income per share:
Income from continuing operations	$	0.19	$	0.01	$	0.49	$	0.06
Income (loss) from discontinued operations, net of tax		—		0.09		(0.00)		0.29
Basic net income per share	$	0.19	$	0.10	$	0.49	$	0.35
Diluted net income per share:
Income from continuing operations	$	0.19	$	0.01	$	0.49	$	0.06
Income (loss) from discontinued operations, net of tax		—		0.09		(0.00)		0.29
Diluted net income per share	$	0.19	$	0.10	$	0.49	$	0.35
Dividend declared per share	$	0.10	$	0.10	$	0.30	$	0.30

During the three and nine months ended June 30, 2020, antidilutive restricted stock units of 148,085 and 162,189, respectively, were excluded from the computation of diluted earnings per share based on the treasury stock method. During the three and nine months ended June 30, 2019, antidilutive restricted stock units of 1,628 and 14,063, respectively, were excluded from the computation of diluted earnings per share based on the treasury stock method.