Net Loss per Share

6 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Loss per Share

14. Net Loss per Share

The calculations of basic and diluted net loss per share and basic and diluted weighted average shares outstanding are as follows for the three and six months ended March 31, 2024 and 2023 (in thousands, except per share data):

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2024		2023		2024		2023
Loss from continuing operations	$	(136,880)	$	(1,991)	$	(152,604)	$	(13,226)
Loss from discontinued operations, net of tax		—		(2,936)		—		(2,936)
Net loss		(136,880)		(4,927)		(152,604)		(16,162)
Weighted average common shares outstanding used in computing basic loss per share		55,440		69,111		56,078		70,858
Weighted average common shares outstanding used in computing diluted loss per share		55,440		69,111		56,078		70,858
Basic net loss per share:
Loss from continuing operations	$	(2.47)	$	(0.03)	$	(2.72)	$	(0.19)
Loss from discontinued operations, net of tax		—		(0.04)		—		(0.04)
Basic net loss per share	$	(2.47)	$	(0.07)	$	(2.72)	$	(0.23)
Diluted net loss per share:
Loss from continuing operations	$	(2.47)	$	(0.03)	$	(2.72)	$	(0.19)
Loss from discontinued operations, net of tax		—		(0.04)		—		(0.04)
Diluted net loss per share	$	(2.47)	$	(0.07)	$	(2.72)	$	(0.23)

As a result of incurring a net loss from continuing operations for the three and six months ended March 31, 2024 and 2023, outstanding restricted stock units and shares issued by the Company under the employee stock purchase plan were excluded from the computation of diluted loss per share as their effect would be antidilutive to earnings per share for continuing operations based on the treasury stock method.