Earnings (Loss) Per Share of Common Stock

9 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings (Loss) Per Share of Common Stock

13. Earnings (Loss) Per Share of Common Stock

Basic (loss) earnings 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 (loss) earnings 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 (loss) earnings per share calculation for the periods indicated:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2023		2022		2023			2022
Numerator:
Net income (loss) available to common stockholders	$	16.8	$	10.8	$	(24.1	)	$	(1.3	)
Denominator:
Weighted average number of common shares outstanding – basic		93,504,000		93,207,000		93,409,000			102,705,000
Basic earnings (loss) per share	$	0.18	$	0.12	$	(0.26	)	$	(0.01	)
Weighted average number of common shares outstanding – diluted		94,001,000		93,436,000		93,409,000			102,705,000
Diluted earnings (loss) per share	$	0.18	$	0.12	$	(0.26	)	$	(0.01	)
Other Information:
Weighted average number of anti-dilutive options and restricted stock(a)		4,663,000		4,180,000		4,712,000			4,968,000

(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.