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Earnings Per Share
9 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share ("EPS") (share amounts in thousands):
 
Three months ended June 30,
 
Nine months ended June 30,
 
2015
 
2014
 
2015
 
2014
Net (loss) income attributable to common and participating preferred stockholders
$
(75.6
)
 
$
49.0

 
$
(413.7
)
 
$
(77.6
)
 
 
 
 
 
 
 
 
Participating common shares at end of period
197,083

 
201,043

 
197,083

 
201,043

 
 
 
 
 
 
 
 
Net (loss) income attributable to common shares - basic and diluted
$
(75.6
)
 
$
49.0

 
$
(413.7
)
 
$
(77.6
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
196,878

 
172,967

 
197,920

 
150,675

Dilutive effect of unvested restricted stock and restricted stock units

 
3,798

 

 

Dilutive effect of stock options

 
1,281

 

 

Weighted-average shares outstanding - diluted
196,878

 
178,046

 
197,920

 
150,675

 
 
 
 
 
 
 
 
Net (loss) income per common share attributable to controlling interest:
 
 
 
 
 
 
 
Basic
$
(0.38
)
 
$
0.28

 
$
(2.09
)
 
$
(0.52
)
Diluted
$
(0.38
)
 
$
0.28

 
$
(2.09
)
 
$
(0.52
)
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects the actual number of HRG common stock outstanding, excluding unvested restricted stock.
For the three and nine months ended June 30, 2015, there were 3.0 million and 2.7 million, respectively weighted-average shares of the unvested restricted stock and stock units; 1.3 million and 1.4 million, respectively weighted-average shares of stock options; and 2.4 million weighted-average shares of the warrants that were excluded from the calculation of “diluted net loss per common share attributable to controlling interest” because the as-converted effect of the unvested restricted stock and stock units and stock options would have been anti-dilutive for the three and nine months ended June 30, 2015.
For the three and nine months ended June 30, 2014, there were 28.9 million and 51.0 million, respectively weighted-average shares issuable upon the conversion of the Company's 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 and nine months ended June 30, 2014. In addition, for the nine months ended June 30, 2014, there were 2.4 million weighted average shares of the unvested restricted stock and stock units and 1.3 million weighted-average shares of 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 unvested restricted stock and stock units and stock options would have been anti-dilutive for the three and nine months ended June 30, 2014. Also excluded from the calculation were 3.0 million warrants because the exercise price of $13.13 per share was above the average stock price for the three and nine months ended June 30, 2014.