Earnings (Loss) Per Share of Common Stock (Tables)

12 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator for Basic and Diluted (Loss) Earnings Per Share Calculation

Set forth below is a reconciliation of the numerator and denominator for basic and diluted (loss) earnings per share calculation for the periods indicated:

	Fiscal Year Ended
	September 30, 2024			September 30, 2023			September 30, 2022
Basic Earnings (Loss) per common share
Numerator:
Net income (loss)	$	66.4		$	(7.7	)	$	14.0
Less: dividends on Series A convertible preferred shares		(35.7	)		(3.2	)		—
Less: Earnings allocated to Convertible Preferred Shares		(11.2	)		—			—
Net income (loss) available to common shareholders	$	19.5		$	(10.9	)	$	14.0
Denominator:
Weighted average number of common shares outstanding – basic		94,673,000			93,412,000			97,898,000
Basic earnings (loss) per share	$	0.21		$	(0.12	)	$	0.14
Diluted earnings (loss) per common share
Numerator:
Net income (loss) available to common shareholders – diluted	$	19.5		$	(10.9	)	$	14.0
Denominator:
Weighted average number of common shares outstanding – basic		94,673,000			93,412,000			97,898,000
Dilutive effect of:
Stock compensation awards		1,403,000			—			263,000
Series A convertible preferred stock		—			—			—
Weighted average number of common shares outstanding – diluted		96,076,000			93,412,000			98,161,000
Diluted earnings (loss) per share	$	0.20		$	(0.12	)	$	0.14
Other Information:
Weighted average number of anti-dilutive Series A convertible preferred shares, options and restricted stock(a)		56,587,000			9,656,000			5,010,000

(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.