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Earnings Per Share
 9 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The Company follows the provisions of ASC Topic 260, Earnings Per Share, which requires companies with complex capital structures, such as having two (or more) classes of securities that participate in declared dividends to calculate earnings (loss) per share ("EPS") utilizing the two-class method. As the holders of the Preferred Stock are entitled to receive dividends with common stock on an as-converted basis, the Preferred Stock has the right to participate in undistributed earnings and must therefore be considered under the two-class method.

The following table sets forth the computation of basic and diluted EPS (share amounts in thousands):
 
Three months ended
 
Nine months ended
 
June 30, 2013
 
July 1, 2012
 
June 30, 2013
 
July 1, 2012
Net income (loss) attributable to common and participating preferred stockholders
$
91.6

 
$
(149.1
)
 
$
108.1

 
$
(129.2
)
 
 
 
 
 
 
 
 
Participating shares at end of period:
 
 
 
 
 
 
 
Common shares outstanding
140,576

 
139,357

 
140,576

 
139,357

Preferred shares (as-converted basis)
61,987

 
62,526

 
61,987

 
62,526

Total
202,563

 
201,883

 
202,563

 
201,883

 
 
 
 
 
 
 
 
Percentage of income (loss) allocated to:
 
 
 
 
 
 
 
Common shares
69.4
%
 
100.0
%
 
69.4
%
 
100.0
%
Preferred shares (a)
30.6
%
 
—
%
 
30.6
%
 
—
%
 
 
 
 
 
 
 
 
Net income (loss) attributable to common shares - basic
$
63.6

 
$
(149.1
)
 
$
75.0

 
$
(129.2
)
 
 
 
 
 
 
 
 
Dilutive adjustments to income (loss) attributable to common shares from assumed conversion of preferred shares, net of tax:
 
 
 
 
 
 
 
Income allocated to preferred shares in basic calculation
28.0

 
—

 
33.1

 
—

Reversal of preferred stock dividends and accretion
12.0

 
—

 
36.3

 
—

Reversal of income related to fair value of preferred stock conversion feature
(52.6
)
 
—

 
(81.9
)
 
—

         Net adjustment
(12.6
)
 
—

 
(12.5
)
 
—

 
 
 
 
 
 
 
 
Net income (loss) attributable to common shares - diluted
$
51.0

 
$
(149.1
)
 
$
62.5

 
$
(129.2
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
140,292

 
139,349

 
139,832

 
139,351

Dilutive effect of preferred stock
62,413

 
—

 
62,555

 
—

Dilutive effect of unvested restricted stock and restricted stock units
1,853

 
—

 
2,231

 
—

Dilutive effect of stock options
662

 
—

 
612

 
—

Weighted-average shares outstanding - diluted
205,220

 
139,349

 
205,230

 
139,351

 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
Basic
$
0.45

 
$
(1.07
)
 
$
0.54

 
$
(0.93
)
Diluted
$
0.25

 
$
(1.07
)
 
$
0.30

 
$
(0.93
)
(a)
Losses are not allocated to the convertible participating preferred shares since they have no contractual obligation to share in such losses.
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects the actual number of HGI common stock outstanding, excluding nonvested restricted stock.