Earnings Per Share

3 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share ("EPS") (share amounts in thousands):

	Three months ended December 31,
	2014			2013
Net loss attributable to common and participating preferred stockholders	$	(109.8	)	$	(39.0	)
Participating shares at end of period:
Common shares outstanding	196,879			139,574
Preferred shares (as-converted basis)	—			61,986
Total	196,879			201,560
Percentage of income loss allocated to:
Common shares	100.0		%	100.0		%
Preferred shares (a)	—		%	—		%
Net loss attributable to common shares - basic and diluted	$	(109.8	)	$	(39.0	)
Weighted-average common shares outstanding - basic and diluted	196,997			139,173
Net loss per common share attributable to controlling interest:
Basic	$	(0.56	)	$	(0.28	)
Diluted	$	(0.56	)	$	(0.28	)

(a) Losses are not allocated to the convertible participating preferred shares for the period that these shares were outstanding, 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 unvested restricted stock.

For the three months ended December 31, 2014, there were 3.3 million, 1.5 million and 3.0 million weighted-average shares, respectively, of the unvested restricted stock and stock units, stock options and warrants that were excluded from the calculation of “diluted net loss per common share attributable to controlling interest” because the as-converted effect of the unvested restricted stock and stock units and stock options would have been anti-dilutive for the three months ended December 31, 2014.

For the three months ended December 31, 2013, there were 62.0 million shares issuable upon the conversion of the Company's Series A Participating Convertible Preferred Stock and Series A-2 Participating Convertible Preferred Stock (together, the "Preferred Stock"), and 2.4 million and 1.2 million shares, respectively, of the unvested restricted stock and stock units and stock options that were excluded from the calculation of “diluted net loss per common share attributable to controlling interest” because the as-converted effect of the Preferred Stock and unvested restricted stock and stock units and stock options would have been anti-dilutive for the three months ended December 31, 2013. The Preferred Stock had a weighted average conversion price of $6.64 per share.