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Earnings per Share (Tables)

9 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Calculation of Weighted Average Number of Shares Outstanding Used in Computing Basic and Diluted Net Income Loss Per Share

The following table summarizes the computation of basic and diluted EPS under the two-class or as-converted method, as well as the anti-dilutive shares excluded:

			Three Months Ended												Nine Months Ended
			June 30,												June 30,
			2023						2022						2023						2022
Basic earnings per common share:
Net (loss) income			$	(509)					$	843					$	5,619					$	23,019
Less: Preferred stock dividend declared			(1,263)						(1,296)						(3,791)						(3,913)
Net (loss) income available for distribution			(1,772)						(453)						1,828						19,106
Income allocated to participating securities			—						—						(684)						(7,272)

			Three Months Ended												Nine Months Ended
			June 30,												June 30,
			2023						2022						2023						2022
Net (loss) income available to common shareholders			$	(1,772)					$	(453)					$	1,144					$	11,834
Weighted average basic shares outstanding			34,067						33,257						33,956						33,032
Basic (loss) income per common share			$	(0.05)					$	(0.01)					$	0.03					$	0.36
Diluted earnings per common share:
Method used:			Two-class						Two-class						Two-class						Two-class
Net (loss) income available to common shareholders			$	(1,772)					$	(453)					$	1,144					$	11,834
Weighted average basic shares outstanding			34,067						33,257						33,956						33,032
Dilutive effect related to employee stock plans			—						—						446						518
Weighted average diluted shares outstanding			34,067						33,257						34,402						33,550
Diluted income per common share			$	(0.05)					$	(0.01)					$	0.03					$	0.35
Anti-dilutive shares excluded:
Outstanding stock-based grants			522						624						562						6
Convertible preferred stock			20,297						20,297						20,297						20,297
Total anti-dilutive shares excluded			20,819						20,921						20,859						20,303
Dilutive shares under the as-converted method (1)			54,857						54,174						54,699						53,847

(1)     The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the computation of basic and diluted EPS under the two-class or as-converted method, as well as the anti-dilutive shares excluded:

			Three Months Ended												Nine Months Ended
			June 30,												June 30,
			2023						2022						2023						2022
Basic earnings per common share:
Net (loss) income			$	(509)					$	843					$	5,619					$	23,019
Less: Preferred stock dividend declared			(1,263)						(1,296)						(3,791)						(3,913)
Net (loss) income available for distribution			(1,772)						(453)						1,828						19,106
Income allocated to participating securities			—						—						(684)						(7,272)

			Three Months Ended												Nine Months Ended
			June 30,												June 30,
			2023						2022						2023						2022
Net (loss) income available to common shareholders			$	(1,772)					$	(453)					$	1,144					$	11,834
Weighted average basic shares outstanding			34,067						33,257						33,956						33,032
Basic (loss) income per common share			$	(0.05)					$	(0.01)					$	0.03					$	0.36
Diluted earnings per common share:
Method used:			Two-class						Two-class						Two-class						Two-class
Net (loss) income available to common shareholders			$	(1,772)					$	(453)					$	1,144					$	11,834
Weighted average basic shares outstanding			34,067						33,257						33,956						33,032
Dilutive effect related to employee stock plans			—						—						446						518
Weighted average diluted shares outstanding			34,067						33,257						34,402						33,550
Diluted income per common share			$	(0.05)					$	(0.01)					$	0.03					$	0.35
Anti-dilutive shares excluded:
Outstanding stock-based grants			522						624						562						6
Convertible preferred stock			20,297						20,297						20,297						20,297
Total anti-dilutive shares excluded			20,819						20,921						20,859						20,303
Dilutive shares under the as-converted method (1)			54,857						54,174						54,699						53,847

(1)     The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.

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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
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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