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Earnings Per Share
 12 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 4: EARNINGS PER SHARE
The following table reconciles the number of common shares used to compute basic and diluted earnings per common share:
Fiscal Year Ended September 30,
(in thousands, except per share amounts)202320222021
Basic earnings per common share:
Net Income - Basic$38,463 $50,160 $8,612 
Weighted shares outstanding - Basic55,586 56,498 55,744 
Basic earnings per common share$0.69 $0.89 $0.15 
Diluted earnings per common share:
Net Income - Basic$38,463 $50,160 $8,612 
Add: Convertible Notes interest expense, net of tax*4,327 7,489 — 
Net Income - Diluted$42,790 $57,649 $8,612 
Weighted shares outstanding - basic55,586 56,498 55,744 
Equity-based compensation awards - effect of dilution**1,482 678 205 
Convertible Notes - effect of dilution23,797 25,224 — 
Weighted Shares Outstanding - Diluted80,865 82,400 55,949 
Diluted earnings per common share$0.53 $0.70 $0.15 
Potential common shares excluded from the calculation of diluted earnings per share above:
Convertible Notes***5,596— — 
Restricted stock****8011,975 1,233 
Total6,3971,9751,233
*    The year ended September 30, 2023 includes $5.4 million gain on the partial extinguishment of debt, associated with the 2025 Convertible Notes, which was recorded to “Interest expense” in the Company’s consolidated statement of operations. See Note 9: Debt for additional information.
**    Includes time-based share-based awards and performance based awards for which targets for fiscal year tranches have been achieved and vesting is subject only to achievement of service conditions.
***    See Note 9: Debt for conversion price and initial conversion rate of the 2024 Convertible Notes, 2025 Convertible Notes and 2029 Convertible Notes. The 2024 Convertible Notes are considered anti-dilutive in the sequencing calculation for the fiscal year ended September 30, 2023.
****    Includes antidilutive share-based awards as well as performance-based share-based awards that are contingently issuable, but for which the condition for issuance has not been met as of the end of the reporting period.