Earnings Per Share

9 Months Ended

Jun. 30, 2025

Basic (loss) income per share is calculated by dividing net (loss) income by the weighted-average number of shares outstanding during the period. Diluted (loss) income per share adjusts the basic (loss) income per share for the effects of any potentially dilutive securities in periods in which the Company has net income and such effects are dilutive under the treasury stock method.

Following is a summary of the components of basic and diluted (loss) income per share for the periods presented:


	Three Months Ended June 30,				Nine Months Ended June 30,
in thousands (except per share data)	2025		2024		2025		2024
Numerator:
(Loss) income from continuing operations	$	(324)	$	27,208	$	15,584	$	88,107
Income from discontinued operations, net of tax	—		2		—		2
Net (loss) income	$	(324)	$	27,210	$	15,584	$	88,109

Denominator:
Basic weighted-average shares	29,440		30,513		29,996		30,625
Dilutive effect of restricted stock awards	—		414		240		384
Dilutive effect of stock options	—		8		2		8
Diluted weighted-average shares(a)	29,440		30,935		30,238		31,017

Basic (loss) income per share:
Continuing operations	$	(0.01)	$	0.89	$	0.52	$	2.88
Discontinued operations	—		—		—		—
Total	$	(0.01)	$	0.89	$	0.52	$	2.88

Diluted (loss) income per share:
Continuing operations	$	(0.01)	$	0.88	$	0.52	$	2.84
Discontinued operations	—		—		—		—
Total	$	(0.01)	$	0.88	$	0.52	$	2.84

(a) The following potentially dilutive shares were excluded from the calculation of diluted (loss) income per share as a result of their anti-dilutive effect. Due to the reported net loss for the three months ended June 30, 2025, all common stock equivalents were excluded from the computation of diluted loss per share for that respective quarter because inclusion would have resulted in anti-dilution.


	Three Months Ended June 30,		Nine Months Ended June 30,
in thousands	2025	2024	2025	2024
Stock options	2	—	1	1
Time-based restricted stock	370	3	110	1
Performance-based restricted stock	307	—	2	—