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Earnings Per Share
9 Months Ended
Jun. 30, 2016
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 June 30,
 
Nine months ended June 30,
 
2016
 
2015
 
2016
 
2015
Net income (loss) from continuing operations attributable to controlling interest
$
77.4

 
$
(161.9
)
 
$
78.7

 
$
(522.3
)
Net (loss) income from discontinued operations attributable to controlling interest
(210.3
)
 
86.3

 
(270.2
)
 
108.6

Net loss attributable to controlling interest
$
(132.9
)
 
$
(75.6
)
 
$
(191.5
)
 
$
(413.7
)
 
 
 
 
 
 
 
 
Participating common shares at end of period
198,624

 
197,083

 
198,624

 
197,083

 
 
 
 
 
 
 
 
Net loss attributable to common shares - basic and diluted
$
(132.9
)
 
$
(75.6
)
 
$
(191.5
)
 
$
(413.7
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
198,589

 
196,878

 
198,256

 
197,920

Dilutive effect of unvested restricted stock and restricted stock units
1,718

 

 
1,964

 

Dilutive effect of stock options
1,319

 

 
1,223

 

Weighted-average shares outstanding - diluted
201,626

 
196,878

 
201,443

 
197,920

 
 
 
 
 
 
 
 
Net loss per common share attributable to controlling interest:
 
 
 
 
 
 
 
Basic income (loss) from continuing operations
$
0.39

 
$
(0.82
)
 
$
0.40

 
$
(2.64
)
Basic (loss) income from discontinued operations
(1.06
)
 
0.44

 
(1.37
)
 
0.55

Basic
$
(0.67
)
 
$
(0.38
)
 
$
(0.97
)
 
$
(2.09
)
 
 
 
 
 
 
 
 
Diluted income (loss) from continuing operations
$
0.38

 
$
(0.82
)
 
$
0.39

 
$
(2.64
)
Diluted (loss) income from discontinued operations
(1.04
)
 
0.44

 
(1.34
)
 
0.55

Diluted
$
(0.66
)
 
$
(0.38
)
 
$
(0.95
)
 
$
(2.09
)
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.
The following 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, stock options and warrants would have been anti-dilutive (share amounts in thousands):
 
Three months ended June 30,
 
Nine months ended June 30,
 
2016
 
2015
 
2016
 
2015
Unvested restricted stock and restricted stock units

 
3,014

 

 
2,701

Stock options

 
1,282

 

 
1,358

Anti-dilutive warrants
1,800

 
2,400

 
1,800

 
2,400