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EARNINGS (LOSSES) PER COMMON SHARE (Tables)

3 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended December 31,
(in thousands, except per share amounts)	2019				2018
Numerator:
Income from continuing operations	$	30,729			$	8,364
Income (loss) from discontinued operations	(124		)		10,595
Net income	30,605				18,959
Adjustment for basic earnings per share
Earnings allocated to unvested shareholders	(991		)		(777		)
Numerator for basic earnings (loss) per share:
From continuing operations	29,738				7,587
From discontinued operations	(124		)		10,595
	29,614				18,182
Adjustment for diluted earnings (loss) per share:
Effect of reallocating undistributed earnings of unvested shareholders	—				(1		)
Numerator for diluted earnings (loss) per share:
From continuing operations	29,738				7,586
From discontinued operations	(124		)		10,595
	$	29,614			$	18,181
Denominator:
Denominator for basic earnings per share - weighted-average shares	108,555				109,142
Effect of dilutive shares from stock options, restricted stock and performance share units	169				283
Denominator for diluted earnings per share - adjusted weighted-average shares	108,724				109,425
Basic earnings per common share:
Income from continuing operations	$	0.27			$	0.07
Income from discontinued operations	—				0.10
Net income	$	0.27			$	0.17
Diluted earnings per common share:
Income from continuing operations	$	0.27			$	0.07
Income from discontinued operations	—				0.10
Net income	$	0.27			$	0.17

Shares Attributable to Outstanding Equity Awards Excluded from the Calculation of Diluted Earnings Per Share

The following average shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:

	Three Months Ended December 31,
(in thousands, except per share amounts)	2019				2018
Shares excluded from calculation of diluted earnings (loss) per share	3,413				2,089
Weighted-average price per share	$	61.02			$	67.25

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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