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EARNINGS (LOSSES) PER COMMON SHARE (Tables)
6 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings (loss) per share:
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
(in thousands, except per share amounts)
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(420,468
)
 
$
71,857

 
$
(389,739
)
 
$
80,221

Loss from discontinued operations
(72
)
 
(10,966
)
 
(196
)
 
(371
)
Net income (loss)
(420,540
)
 
60,891

 
(389,935
)
 
79,850

Adjustment for basic earnings per share
 
 
 
 
 
 
 
Earnings allocated to unvested shareholders
(1,003
)
 
(784
)
 
(1,994
)
 
(1,560
)
 
 
 
 
 
 
 
 
Numerator for basic earnings (loss) per share:
 
 
 
 
 
 
 
From continuing operations
(421,471
)
 
71,073

 
(391,733
)
 
78,661

From discontinued operations
(72
)
 
(10,966
)
 
(196
)
 
(371
)
 
(421,543
)
 
60,107

 
(391,929
)
 
78,290

Adjustment for diluted earnings (loss) per share:
 
 
 
 
 
 
 
Effect of reallocating undistributed earnings of unvested shareholders

 

 

 

 
 
 
 
 
 
 
 
Numerator for diluted earnings (loss) per share:
 
 
 
 
 
 
 
From continuing operations
(421,471
)
 
71,073

 
(391,733
)
 
78,661

From discontinued operations
(72
)
 
(10,966
)
 
(196
)
 
(371
)
 
$
(421,543
)
 
$
60,107

 
$
(391,929
)
 
$
78,290

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted-average shares
108,557

 
109,406

 
108,556

 
109,273

Effect of dilutive shares from stock options, restricted stock and performance share units

 
97

 

 
179

Denominator for diluted earnings per share - adjusted weighted-average shares
108,557

 
109,503

 
108,556

 
109,452

 
 
 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(3.88
)
 
$
0.65

 
$
(3.61
)
 
$
0.72

Loss from discontinued operations

 
(0.10
)
 

 

Net income (loss)
$
(3.88
)
 
$
0.55

 
$
(3.61
)
 
$
0.72

 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(3.88
)
 
$
0.65

 
$
(3.61
)
 
$
0.72

Loss from discontinued operations

 
(0.10
)
 

 

Net income (loss)
$
(3.88
)
 
$
0.55

 
$
(3.61
)
 
$
0.72


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
March 31,
 
Six Months Ended
March 31,
 (in thousands, except per share amounts)
2020
 
2019
 
2020
 
2019
Shares excluded from calculation of diluted earnings (loss) per share
4,579

 
2,921

 
3,579

 
2,770

Weighted-average price per share
$
58.03

 
$
64.04

 
$
60.55

 
$
64.18