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Earnings Per Share | 6 Months Ended
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Mar. 31, 2013
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The Company follows the provisions of ASC Topic 260, Earnings Per Share, which requires companies with complex capital structures, such as having two (or more) classes of securities that participate in declared dividends to calculate earnings (loss) per share ("EPS") utilizing the two-class method. As the holders of the Preferred Stock are entitled to receive dividends with common stock on an as-converted basis, the Preferred Stock has the right to participate in undistributed earnings and must therefore be considered under the two-class method. The following table sets forth the computation of basic and diluted EPS (share amounts in thousands):
| Three months ended |  | Six months ended
| March 31, 2013 |  | April 1, 2012 |  | March 31, 2013 |  | April 1, 2012
Net (loss) income attributable to common and participating preferred stockholders | $ | (45.5 | ) |  | $ | (3.9 | ) |  | $ | 16.5 |  |  | $ | 19.9 |
Participating shares at end of period: |  |  |  |  |  |  |
Common shares outstanding | 139,724 |  |  | 139,349 |  |  | 139,724 |  |  | 139,349 |
Preferred shares (as-converted basis) | 62,839 |  |  | 62,215 |  |  | 62,839 |  |  | 62,215 |
Total | 202,563 |  |  | 201,564 |  |  | 202,563 |  |  | 201,564 |
Percentage of (loss) income allocated to: |  |  |  |  |  |  |
Common shares | 100.0 | % |  | 100.0 | % |  | 69.0 | % |  | 69.1 | %
Preferred shares (a) | — | % |  | — | % |  | 31.0 | % |  | 30.9 | %
Net (loss) income attributable to common shares - basic | $ | (45.5 | ) |  | $ | (3.9 | ) |  | $ | 11.4 |  |  | $ | 13.8 |
Dilutive adjustments to (loss) income attributable to common shares from assumed conversion of preferred shares, net of tax: |  |  |  |  |  |  |
Income allocated to preferred shares in basic calculation | — |  |  | — |  |  | 5.1 |  |  | — |
Reversal of preferred stock dividends and accretion | — |  |  | — |  |  | 24.3 |  |  | — |
Reversal of income related to fair value of preferred stock conversion feature | — |  |  | — |  |  | (29.3 | ) |  | — |
Net adjustment | — |  |  | — |  |  | 0.1 |  |  | — |
Net (loss) income attributable to common shares - diluted | $ | (45.5 | ) |  | $ | (3.9 | ) |  | $ | 11.5 |  |  | $ | 13.8 |
Weighted-average common shares outstanding - basic | 139,724 |  |  | 139,346 |  |  | 139,604 |  |  | 139,346 |
Dilutive effect of preferred stock | — |  |  | — |  |  | 62,839 |  |  | — |
Dilutive effect of unvested restricted stock and restricted stock units | — |  |  | — |  |  | 1,856 |  |  | — |
Dilutive effect of stock options | — |  |  | — |  |  | 592 |  |  | — |
Weighted-average shares outstanding - diluted | 139,724 |  |  | 139,346 |  |  | 204,891 |  |  | 139,346 |
Net (loss) income per common share attributable to controlling interest: |  |  |  |  |  |  |
Basic | $ | (0.33 | ) |  | $ | (0.03 | ) |  | $ | 0.08 |  |  | $ | 0.10 |
Diluted | $ | (0.33 | ) |  | $ | (0.03 | ) |  | $ | 0.06 |  |  | $ | 0.10 |
(a) | Losses are not allocated to the convertible participating preferred shares since they have no contractual obligation to share in such losses.
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects the actual number of HGI common stock outstanding, excluding nonvested restricted stock. For the three months ended March 31, 2013, there were 62,839 thousand potential common stock issuable upon the conversion of the Preferred Stock, 566 thousand potential common stock issuable upon the exercise of stock options and 1,403 thousand restricted stock and restricted stock units excluded from the calculation of "Diluted net loss (income) per common share attributable to controlling interest" because the as-converted effect of the Preferred Stock and stock options and the restricted stock would have been anti-dilutive in the applicable periods presented. The stock options had a weighted average exercise price of $6.38 per share. The Preferred Stock had a weighted average conversion price of $6.64. The previously reported basic and diluted loss per common share attributable to controlling interest for the three months ended April 1, 2012 was retrospectively corrected to reflect no allocation of losses to the convertible preferred shares. This immaterial correction decreased basic and diluted loss per common share attributable to controlling interest to $(0.03) and $(0.03), respectively, as reported above, from $(0.02) and $(0.02), respectively, as previously reported.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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