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Earnings Per Share
 3 Months Ended
Dec. 31, 2015
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,
 
2015
 
2014
Net income (loss) from continuing operations attributable to controlling interest
$
11.1

 
$
(123.5
)
Net (loss) income from discontinued operations attributable to controlling interest
(45.0
)
 
13.7

Net loss attributable to controlling interest
$
(33.9
)
 
$
(109.8
)
 
 
 
 
Participating common shares at end of period
198,521

 
196,879

 
 
 
 
Net loss attributable to common shares - basic and diluted
$
(33.9
)
 
$
(109.8
)
 
 
 
 
Weighted-average common shares outstanding - basic
197,507

 
196,997

Dilutive effect of unvested restricted stock and restricted stock units
2,822

 
—

Dilutive effect of stock options
1,303

 
—

Weighted-average shares outstanding - diluted
201,632

 
196,997

 
 
 
 
Net loss per common share attributable to controlling interest:
 
 
 
Basic income (loss) from continuing operations
$
0.06

 
$
(0.63
)
Basic (loss) income from discontinued operations
(0.23
)
 
0.07

Basic
$
(0.17
)
 
$
(0.56
)
 
 
 
 
Diluted income (loss) from continuing operations
$
0.06

 
$
(0.63
)
Diluted (loss) income from discontinued operations
(0.23
)
 
0.07

Diluted
$
(0.17
)
 
$
(0.56
)
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects the actual number of HRG common stock outstanding, excluding unvested restricted stock.
For the three months ended December 31, 2015, there were 1.8 million weighted-average shares of the warrants that were excluded from the calculation of “diluted net loss per common share attributable to controlling interest” because the because the exercise price of $3.125 per share was above the average stock price for the three months ended December 31, 2015.
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.