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Earnings Per Share | 9 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table sets forth the computation of basic and diluted EPS (share amounts in thousands):
| Three months ended June 30, |  | Nine months ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Net income (loss) attributable to common and participating preferred stockholders | $ | 49.0 |  |  | $ | 91.6 |  |  | $ | (77.6 | ) |  | $ | 108.1 |
Participating shares at end of period: |  |  |  |  |  |  |
Common shares outstanding | 201,043 |  |  | 140,576 |  |  | 201,043 |  |  | 140,576 |
Preferred shares (as-converted basis) | — |  |  | 61,987 |  |  | — |  |  | 61,987 |
Total | 201,043 |  |  | 202,563 |  |  | 201,043 |  |  | 202,563 |
Percentage of income (loss) allocated to: |  |  |  |  |  |  |
Common shares | 100.0 | % |  | 69.4 | % |  | 100.0 | % |  | 69.4 | %
Preferred shares (a) | — | % |  | 30.6 | % |  | — | % |  | 30.6 | %
Net income (loss) attributable to common shares - basic | $ | 49.0 |  |  | $ | 63.6 |  |  | $ | (77.6 | ) |  | $ | 75.0 |
Dilutive adjustments to income (loss) attributable to common shares from assumed conversion of preferred shares, net of tax: |  |  |  |  |  |  |
Income allocated to preferred shares in basic calculation | — |  |  | 28.0 |  |  | — |  |  | 33.1 |
Reversal of preferred stock dividends and accretion | — |  |  | 12.0 |  |  | — |  |  | 36.3 |
Reversal of income related to fair value of preferred stock conversion feature | — |  |  | (52.6 | ) |  | — |  |  | (81.9 | )
Net adjustment | — |  |  | (12.6 | ) |  | — |  |  | (12.5 | )
Net income (loss) attributable to common shares - diluted | $ | 49.0 |  |  | $ | 51.0 |  |  | $ | (77.6 | ) |  | $ | 62.5 |
Weighted-average common shares outstanding - basic | 172,967 |  |  | 140,292 |  |  | 150,675 |  |  | 139,832 |
Dilutive effect of preferred stock | — |  |  | 62,413 |  |  | — |  |  | 62,555 |
Dilutive effect of unvested restricted stock and restricted stock units | 3,798 |  |  | 1,853 |  |  | — |  |  | 2,231 |
Dilutive effect of stock options | 1,281 |  |  | 662 |  |  | — |  |  | 612 |
Weighted-average shares outstanding - diluted | 178,046 |  |  | 205,220 |  |  | 150,675 |  |  | 205,230 |
Net income (loss) per common share attributable to controlling interest: |  |  |  |  |  |  |
Basic | $ | 0.28 |  |  | $ | 0.45 |  |  | $ | (0.52 | ) |  | $ | 0.54 |
Diluted | $ | 0.28 |  |  | $ | 0.25 |  |  | $ | (0.52 | ) |  | $ | 0.30 |
(a) | Losses are not allocated to the convertible participating preferred shares for the period that these shares were outstanding, 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 unvested restricted stock. For the three months ended June 30, 2014, there were 28,911 thousand weighted-average shares issuable upon the conversion of the Preferred Stock that were excluded from the calculation of “diluted net loss per common share attributable to controlling interest” because the as-converted effect of the Preferred Stock would have been anti-dilutive for the three months ended June 30, 2014. For the nine months ended June 30, 2014, there were 50,979 thousand weighted-average shares issuable upon the conversion of the Preferred Stock, and 2,380 thousand and 1,297 thousand weighted-average shares, respectively, of the unvested restricted stock and stock units and stock options that were excluded from the calculation of “diluted net loss per common share attributable to controlling interest” because the as-converted effect of the Preferred Stock and unvested restricted stock and stock units and stock options would have been anti-dilutive for the nine months ended June 30, 2014. Also excluded from the calculation were 3 million warrants because the exercise price of $13.25 per share was above the average stock price for the three and nine months ended June 30, 2014.

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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 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: 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 3: 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 4: 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=32703322&loc=d3e4984-109258 Reference 5: 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=26872669&loc=d3e20235-122688 + Details
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