Earnings Per Share

3 Months Ended

Dec. 31, 2016

Earnings Per Share

Earnings Per Share

10.Earnings Per Share

The following table sets forth the computations of basic and diluted EPS for the periods indicated, reflecting the amounts attributable to Headwaters and excluding the amounts attributable to the non-controlling interest in Entegra. In accordance with ASC 260, income from continuing operations for each period is used as the control number in determining whether potentially dilutive common shares should be included in the diluted earnings per share computations for those periods, even when the effect of doing so is anti-dilutive to the other per-share amounts.

	Three Months Ended
	December 31,
(in thousands, except per-share amounts)	2015		2016
Numerator:
Income from continuing operations	$	12,937	$	6,675
Income from continuing operations attributable to non-controlling interest		(296)		(161)
Numerator for basic and diluted earnings per share from continuing operations — income from continuing operations attributable to Headwaters Incorporated		12,641		6,514
Numerator for basic and diluted earnings per share from discontinued operations — income (loss) from discontinued operations, net of income taxes		(216)		153
Numerator for basic and diluted earnings per share — net income attributable to Headwaters Incorporated	$	12,425	$	6,667
Denominator:
Denominator for basic earnings per share — weighted-average shares outstanding		73,789		74,237
Effect of dilutive securities — shares issuable upon exercise of options and SARs and vesting of restricted stock		1,576		1,435
Denominator for diluted earnings per share — weighted-average shares outstanding after assumed exercises and vesting		75,365		75,672
Basic and diluted income per share attributable toHeadwaters Incorporated:
From continuing operations	$	0.17	$	0.09
From discontinued operations		0.00		0.00
	$	0.17	$	0.09
Anti-dilutive securities not considered in diluted EPS calculation:
Stock-settled SARs		329		72
Stock options		72		—