Earnings (Loss) Per Share of Common Stock

6 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings (Loss) Per Share of Common Stock

13. Earnings (Loss) Per Share of Common Stock

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, increased to include the number of shares of common stock that would have been outstanding had potential dilutive shares of common stock been issued. Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculation for the periods indicated:

	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022			2021
Numerator:
Net income (loss) available to common stockholders	$	0.7	$	6.3	$	(12.1	)	$	(5.7	)
Denominator:
Weighted average number of common shares outstanding – basic		100,282,000		105,183,000		102,705,000			105,165,000
Basic income (loss) per share	$	0.01	$	0.06	$	(0.12	)	$	(0.05	)
Weighted average number of common shares outstanding – diluted		100,608,000		105,670,000		102,705,000			105,165,000
Diluted income (loss) per share	$	0.01	$	0.06	$	(0.12	)	$	(0.05	)
Other Information:
Weighted average number of anti-dilutive options and restricted stock(a)		4,005,787		7,719,000		5,363,000			7,754,000

(a)Weighted average number of anti-dilutive options is based upon the average closing price of the Company’s common stock on the NYSE for the period.