Earnings Per Share of Common Stock (Tables)

9 Months Ended

Jun. 30, 2025

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:

	Three Months Ended June 30,						Nine Months Ended June 30,
	2025			2024			2025			2024
Basic earnings per common share
Numerator:
Net income	$	32.3		$	23.5		$	28.3		$	40.8
Less: Dividends on Series A convertible preferred shares		(8.9	)		(8.9	)		(26.8	)		(26.7	)
Less: Earnings allocated to Convertible Preferred Shares		(8.5	)		(5.3	)		(0.5	)		(5.1	)
Net income available to common shareholders	$	14.9		$	9.3		$	1.0		$	9.0
Denominator:
Weighted average number of common shares outstanding – basic		95,228,000			94,549,000			95,302,000			94,668,000
Basic earnings per share	$	0.16		$	0.10		$	0.01		$	0.09
Diluted earnings per common share
Numerator:
Net income available to common shareholders – diluted	$	14.9		$	9.3		$	1.0		$	9.0
Denominator:
Weighted average number of common shares outstanding – basic		95,228,000			94,549,000			95,302,000			94,668,000
Dilutive effect of:
Stock compensation awards		2,516,000			2,123,000			839,000			1,133,000
Series A convertible preferred stock		—			—			—			—
Weighted average number of common shares outstanding – diluted		97,744,000			96,672,000			96,141,000			95,801,000
Diluted earnings per share	$	0.15		$	0.10		$	0.01		$	0.09
Other Information:
Weighted average number of anti-dilutive Series A convertible preferred shares, options and restricted stock(a)		54,921,000			55,369,000			58,045,000			57,011,000

(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.