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Earnings Per Share (Tables)
9 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic Shares to Diluted Shares

The following table presents the reconciliation of the numerator and denominator for calculating net (loss) income per share:

 

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

in thousands, except per share data

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income - basic and diluted

 

$

(99,267

)

 

$

5,798

 

 

$

(80,699

)

 

$

37,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

39,313

 

 

 

37,825

 

 

 

39,113

 

 

 

37,664

 

Dilutive effect of restricted stock awards

 

 

-

 

 

 

1,471

 

 

 

-

 

 

 

1,471

 

Weighted average common shares outstanding - diluted

 

 

39,313

 

 

 

39,296

 

 

 

39,113

 

 

 

39,135

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(2.53

)

 

$

0.15

 

 

$

(2.06

)

 

$

1.01

 

Diluted

 

$

(2.53

)

 

$

0.15

 

 

$

(2.06

)

 

$

0.97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Potential Shares Considered Antidilutive The following table sets forth potential shares that were considered anti-dilutive during the three and nine months ended June 30, 2022 and 2021.

 

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

in thousands

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Restricted stock unit awards

 

 

-

 

 

 

-

 

 

 

369

 

 

 

-

 

Conversion option of our Convertible Senior Notes

 

 

4,677

 

 

 

4,677

 

 

 

4,677

 

 

 

4,677