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Earnings per Share (Tables)
9 Months Ended
Jun. 30, 2016
Earnings per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2016

 

2015
(as adjusted)

 

2016

 

2015
(as adjusted)

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(21,193

)

$

90,899

 

$

19,879

 

$

448,064

 

Loss from discontinued operations

 

(7

)

(27

)

(3,872

)

(41

)

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

(21,200

)

90,872

 

16,007

 

448,023

 

Adjustment for basic earnings per share:

 

 

 

 

 

 

 

 

 

Earnings allocated to unvested shareholders

 

(451

)

(558

)

(1,410

)

(2,801

)

 

 

 

 

 

 

 

 

 

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

 

 

From continuing operations

 

(21,644

)

90,341

 

18,469

 

445,263

 

From discontinued operations

 

(7

)

(27

)

(3,872

)

(41

)

 

 

 

 

 

 

 

 

 

 

 

 

(21,651

)

90,314

 

14,597

 

445,222

 

Adjustment for diluted earnings per share:

 

 

 

 

 

 

 

 

 

Effect of reallocating undistributed earnings of unvested shareholders

 

 

1

 

 

10

 

 

 

 

 

 

 

 

 

 

 

Numerator for diluted earnings per share:

 

 

 

 

 

 

 

 

 

From continuing operations

 

(21,644

)

90,342

 

18,469

 

445,273

 

From discontinued operations

 

(7

)

(27

)

(3,872

)

(41

)

 

 

 

 

 

 

 

 

 

 

 

 

$

(21,651

)

$

90,315

 

$

14,597

 

$

445,232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share — weighted-average shares

 

108,047

 

107,652

 

107,970

 

107,759

 

Effect of dilutive shares from stock options and restricted stock

 

 

817

 

553

 

812

 

 

 

 

 

 

 

 

 

 

 

Denominator for diluted earnings per share — adjusted weighted-average shares

 

108,047

 

108,469

 

108,523

 

108,571

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.20

)

$

0.84

 

$

0.18

 

$

4.13

 

Loss from discontinued operations

 

 

 

(0.04

)

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(0.20

)

$

0.84

 

$

0.14

 

$

4.13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.20

)

$

0.83

 

$

0.17

 

$

4.10

 

Loss from discontinued operations

 

 

 

(0.04

)

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(0.20

)

$

0.83

 

$

0.13

 

$

4.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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,

 

 

 

2016

 

2015

 

2016

 

2015

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

Shares excluded from calculation of diluted earnings per share

 

3,409 

 

592 

 

1,861 

 

667 

 

Weighted-average price per share

 

$

51.94 

 

$

73.36 

 

$

63.70 

 

$

72.85