Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2017

Earnings Per Share

Schedule of computation of basic and diluted EPS

	Three Months Ended				Six Months Ended
	March 31,				March 31,
(in thousands, except per-share amounts)	2016		2017		2016		2017
Numerator:
Income from continuing operations	$	2,612	$	5,126	$	15,549	$	11,801
Income from continuing operations attributable to non-controlling interest		(283)		(591)		(579)		(752)
Numerator for basic and diluted earnings per share from continuing operations — income from continuing operations attributable to Headwaters Incorporated		2,329		4,535		14,970		11,049
Numerator for basic and diluted earnings per share from discontinued operations — income (loss) from discontinued operations, net of income taxes		(228)		6		(444)		159
Numerator for basic and diluted earnings per share — net income attributable to Headwaters Incorporated	$	2,101	$	4,541	$	14,526	$	11,208
Denominator:
Denominator for basic earnings per share — weighted-average shares outstanding		73,818		74,835		73,804		74,536
Effect of dilutive securities — shares issuable upon exercise of options and SARs and vesting of restricted stock		1,523		1,147		1,549		1,291
Denominator for diluted earnings per share — weighted-average shares outstanding after assumed exercises and vesting		75,341		75,982		75,353		75,827
Basic income (loss) per share attributable to Headwaters Incorporated:
From continuing operations	$	0.03	$	0.06	$	0.21	$	0.15
From discontinued operations		0.00		0.00		(0.01)		0.00
	$	0.03	$	0.06	$	0.20	$	0.15
Diluted income (loss) per share attributable to Headwaters Incorporated:
From continuing operations	$	0.03	$	0.06	$	0.20	$	0.15
From discontinued operations		0.00		0.00		(0.01)		0.00
	$	0.03	$	0.06	$	0.19	$	0.15
Anti-dilutive securities not considered in diluted EPS calculation:
Stock-settled SARs		256		—		292		36
Stock options		—		—		36		—