Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 2016

Earnings Per Share

Schedule of computation of basic and diluted EPS

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
(in thousands, except per-share amounts)	2015		2016		2015		2016
Numerator:
Income from continuing operations	$	23,118	$	17,527	$	5,281	$	33,076
Income from continuing operations attributable to non-controlling interest		(191)		(269)		(695)		(848)
Numerator for basic and diluted earnings per share from continuing operations — income from continuing operations attributable to Headwaters Incorporated		22,927		17,258		4,586		32,228
Numerator for basic and diluted earnings per share from discontinued operations — income (loss) from discontinued operations, net of income taxes		(110)		258		(387)		(186)
Numerator for basic and diluted earnings per share — net income attributable to Headwaters Incorporated	$	22,817	$	17,516	$	4,199	$	32,042
Denominator:
Denominator for basic earnings per share — weighted-average shares outstanding		73,658		73,848		73,553		73,819
Effect of dilutive securities — shares issuable upon exercise of options and SARs and vesting of restricted stock		2,386		1,609		2,146		1,569
Denominator for diluted earnings per share — weighted-average shares outstanding after assumed exercises and vesting		76,044		75,457		75,699		75,388
Basic income per share attributable to Headwaters Incorporated:
From continuing operations	$	0.31	$	0.23	$	0.06	$	0.43
From discontinued operations		0.00		0.00		0.00		0.00
	$	0.31	$	0.23	$	0.06	$	0.43
Diluted income per share attributable to Headwaters Incorporated:
From continuing operations	$	0.30	$	0.23	$	0.06	$	0.43
From discontinued operations		0.00		0.00		0.00		0.00
	$	0.30	$	0.23	$	0.06	$	0.43
Anti-dilutive securities not considered in diluted EPS calculation:
Stock-settled SARs		160		255		1,625		280
Stock options		72		0		94		24
Restricted stock		0		0		88		0