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EARNINGS (LOSSES) PER COMMON SHARE (Tables)

6 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of 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)			2023						2022						2023						2022
Numerator:
Income (loss) from continuing operations			$	163,901					$	(4,624)					$	260,328					$	(55,955)
Income (loss) from discontinued operations			139						(352)						857						(383)
Net income (loss)			164,040						(4,976)						261,185						(56,338)
Adjustment for basic earnings (loss) per share
Earnings allocated to unvested shareholders			(2,237)						(396)						(3,511)						(770)
Numerator for basic earnings (loss) per share:
From continuing operations			161,664						(5,020)						256,817						(56,725)
From discontinued operations			139						(352)						857						(383)
			161,803						(5,372)						257,674						(57,108)
Adjustment for diluted earnings (loss) per share
Effect of reallocating undistributed earnings of unvested shareholders			6						—						6						—
Numerator for diluted earnings (loss) per share:
From continuing operations			161,670						(5,020)						256,823						(56,725)
From discontinued operations			139						(352)						857						(383)
			$	161,809					$	(5,372)					$	257,680					$	(57,108)
Denominator:
Denominator for basic earnings (loss) per share - weighted-average shares			103,968						105,393						104,615						106,494
Effect of dilutive shares from restricted stock and performance share units			395						—						388						—
Denominator for diluted earnings (loss) per share - adjusted weighted-average shares			104,363						105,393						105,003						106,494
Basic earnings (loss) per common share:
Income (loss) from continuing operations			$	1.55					$	(0.05)					$	2.45					$	(0.53)
Income from discontinued operations			—						—						0.01						—
Net income (loss)			$	1.55					$	(0.05)					$	2.46					$	(0.53)
Diluted earnings (loss) per common share:
Income (loss) from continuing operations			$	1.55					$	(0.05)					$	2.45					$	(0.53)
Income from discontinued operations			—						—						0.01						—
Net income (loss)			$	1.55					$	(0.05)					$	2.46					$	(0.53)

Schedule of Anti-Dilutive Shares Excluded from the Calculation of Diluted Earnings Per Share

The following potentially dilutive average shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings (loss) 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)			2023						2022						2023						2022
Potentially dilutive shares excluded as anti-dilutive			2,426						2,675						2,516						2,856
Weighted-average price per share			$	62.03					$	60.26					$	61.74					$	59.58

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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 https://asc.fasb.org/extlink&oid=124432515&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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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