Earnings per Share (Tables)

9 Months Ended

Jun. 30, 2017

Earnings per Share

Schedule of computation of basic and diluted earnings per share

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
	(in thousands, except per share amounts)
Numerator:
Income (loss) from continuing operations	$	(23,125)	$	(21,193)	$	(106,152)	$	19,879
Income (loss) from discontinued operations		1,326		(7)		472		(3,872)
Net income (loss)		(21,799)		(21,200)		(105,680)		16,007
Adjustment for basic earnings per share
Earnings allocated to unvested shareholders		(458)		(451)		(1,349)		(1,410)
Numerator for basic earnings per share:
From continuing operations		(23,583)		(21,644)		(107,501)		18,469
From discontinued operations		1,326		(7)		472		(3,872)
		(22,257)		(21,651)		(107,029)		14,597
Adjustment for diluted earnings per share:
Effect of reallocating undistributed earnings of unvested shareholders		—		—		—		—
Numerator for diluted earnings per share:
From continuing operations		(23,583)		(21,644)		(107,501)		18,469
From discontinued operations		1,326		(7)		472		(3,872)
	$	(22,257)	$	(21,651)	$	(107,029)	$	14,597
Denominator:
Denominator for basic earnings per share - weighted-average shares		108,572		108,047		108,470		107,970
Effect of dilutive shares from stock options and restricted stock		—		—		—		553
Denominator for diluted earnings per share - adjusted weighted-average shares		108,572		108,047		108,470		108,523
Basic earnings per common share:
Income (loss) from continuing operations	$	(0.22)	$	(0.20)	$	(0.99)	$	0.18
Income (loss) from discontinued operations		0.01		—		—		(0.04)
Net income (loss)	$	(0.21)	$	(0.20)	$	(0.99)	$	0.14
Diluted earnings per common share:
Income (loss) from continuing operations	$	(0.22)	$	(0.20)	$	(0.99)	$	0.17
Income (loss) from discontinued operations		0.01		—		—		(0.04)
Net income (loss)	$	(0.21)	$	(0.20)	$	(0.99)	$	0.13

Schedule of shares attributable to outstanding equity awards excluded from the calculation of diluted earnings per share

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
	(in thousands, except per share amounts)				(in thousands, except per share amounts)
Shares excluded from calculation of diluted earnings per share		1,332		3,409		1,034		1,861
Weighted-average price per share	$	70.82	$	51.94	$	73.84	$	63.70