Net Income (Loss) Per Share (Tables)

12 Months Ended

Sep. 30, 2019

Components and Calculation of Basic and Diluted Net Income (Loss) Per Share

The following table presents the components and calculations of basic and diluted net income (loss) per share for each period presented (in thousands, except share and per share amounts):

	Year Ended September 30,
	2019			2018			2017
Net income (loss)	$	(10,612	)	$	98,626		$	100,864
Dividends on preferred shares		24,000			18,000			-
Net income (loss) attributable to common shareholders	$	(34,612	)	$	80,626		$	100,864
Undistributed income allocated to participating securities		-			(7,742	)		-
Net income (loss) attributable to common shareholders - basic and diluted	$	(34,612	)	$	72,884		$	100,864

Weighted-average common shares outstanding - basic		68,424,288			68,012,879			60,315,648
Effect of common share equivalents		-			1,178,160			1,028,615
Weighted-average common shares outstanding - diluted		68,424,288			69,191,039			61,344,263

Net income (loss) per share - basic	$	(0.51	)	$	1.07		$	1.67
Net income (loss) per share - diluted	$	(0.51	)	$	1.05		$	1.64

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table includes the number of shares that may be dilutive common shares in the future. These shares were not included in the computation of diluted net income (loss) per share because the effect was either anti-dilutive or the requisite performance conditions were not met:

	Year Ended September 30,
	2019		2018		2017
Stock options		1,336,259		388,731		331,681
Restricted stock units		122,278		192,151		61,890
Preferred Stock		9,694,619		7,224,483		-