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

9 Months Ended

Jun. 30, 2026

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,
	2026			2025			2026			2025
Basic earnings (loss) per common share
Numerator:
Net income (loss)	$	6.1		$	32.3		$	(7.4	)	$	28.3
Less: Dividends on Series A convertible preferred shares		(8.9	)		(8.9	)		(26.8	)		(26.8	)
Less: Earnings allocated to Convertible Preferred Shares		—			(8.5	)		—			(0.5	)
Net (loss) income available to common shareholders	$	(2.8	)	$	14.9		$	(34.2	)	$	1.0
Denominator:
Weighted average number of common shares outstanding – basic		93,092,000			95,228,000			93,918,000			95,302,000
Basic (loss) income per share	$	(0.03	)	$	0.16		$	(0.36	)	$	0.01
Diluted earnings (loss) per common share
Numerator:
Net (loss) income available to common shareholders – diluted	$	(2.8	)	$	14.9		$	(34.2	)	$	1.0
Denominator:
Weighted average number of common shares outstanding – basic		93,092,000			95,228,000			93,918,000			95,302,000
Dilutive effect of:
Stock compensation awards		—			2,516,000			—			839,000
Series A convertible preferred stock		—			—			—			—
Weighted average number of common shares outstanding – diluted		93,092,000			97,744,000			93,918,000			96,141,000
Diluted (loss) income per share	$	(0.03	)	$	0.15		$	(0.36	)	$	0.01
Other Information:
Weighted average number of anti-dilutive Series A convertible preferred shares, options and restricted stock(a)		58,599,000			54,921,000			58,736,000			58,045,000

(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.