Earnings per Share (Tables)

12 Months Ended

Sep. 30, 2015

Earnings per Share

Schedule of computation of basic and diluted EPS

(in thousands, except per-share amounts)	2013			2014			2015
Numerator:
Income from continuing operations	$	8,285		$	16,473		$	132,128
Income from continuing operations attributable to non-controlling interest		0			(774	)		(869	)
Adjustment of estimated redemption value of non-controlling interest		0			(176	)		0
Numerator for basic and diluted earnings per share from continuing operations—income from continuing operations attributable to Headwaters Incorporated		8,285			15,523			131,259
Numerator for basic and diluted earnings per share from discontinued operations—loss from discontinued operations, net of income taxes		(1,148	)		(415	)		(460	)
Numerator for basic and diluted earnings per share—net income attributable to Headwaters Incorporated	$	7,137		$	15,108		$	130,799
Denominator:
Denominator for basic earnings per share—weighted-average shares outstanding		70,128			73,160			73,570
Effect of dilutive securities—shares issuable upon exercise of options and SARs and vesting of restricted stock		1,124			1,291			2,032
Denominator for diluted earnings per share—weighted-average shares outstanding after assumed exercises and vesting		71,252			74,451			75,602
Basic income (loss) per share attributable to Headwaters Incorporated:
From continuing operations	$	0.12		$	0.21		$	1.79
From discontinued operations		(0.02	)		(0.01	)		(0.01	)
	$	0.10		$	0.20		$	1.78
Diluted income (loss) per share attributable to Headwaters Incorporated:
From continuing operations	$	0.12		$	0.21		$	1.74
From discontinued operations		(0.02	)		(0.01	)		(0.01	)
	$	0.10		$	0.20		$	1.73
Anti-dilutive securities not considered in diluted EPS calculation:
Stock-settled SARs		2,479			2,279			1,258
Stock options		906			446			89
Restricted stock		105			126			66