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Earnings Per Share | 9 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
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,
| 2017 |  | 2016 |  | 2017 |  | 2016
Net (loss) income from continuing operations attributable to controlling interest | $ | (1.5 | ) |  | $ | 54.5 |  |  | $ | (31.6 | ) |  | $ | 44.2 |
Net income (loss) from discontinued operations attributable to controlling interest | 3.6 |  |  | (187.4 | ) |  | 163.8 |  |  | (235.7 | )
Net income (loss) attributable to controlling interest | $ | 2.1 |  |  | $ | (132.9 | ) |  | $ | 132.2 |  |  | $ | (191.5 | )
Weighted-average common shares outstanding - basic | 200,376 |  |  | 198,589 |  |  | 199,845 |  |  | 198,241 |
Dilutive effect of unvested restricted stock and restricted stock units | — |  |  | 1,718 |  |  | — |  |  | 1,964 |
Dilutive effect of stock options | — |  |  | 1,319 |  |  | — |  |  | 1,223 |
Weighted-average shares outstanding - diluted | 200,376 |  |  | 201,626 |  |  | 199,845 |  |  | 201,428 |
Net income (loss) per common share attributable to controlling interest: |  |  |  |  |  |  |
Basic (loss) income from continuing operations | $ | (0.01 | ) |  | $ | 0.27 |  |  | $ | (0.16 | ) |  | $ | 0.22 |
Basic income (loss) from discontinued operations | 0.02 |  |  | (0.94 | ) |  | 0.82 |  |  | (1.19 | )
Basic | $ | 0.01 |  |  | $ | (0.67 | ) |  | $ | 0.66 |  |  | $ | (0.97 | )
Diluted (loss) income from continuing operations | $ | (0.01 | ) |  | $ | 0.27 |  |  | $ | (0.16 | ) |  | $ | 0.22 |
Diluted income (loss) from discontinued operations | 0.02 |  |  | (0.93 | ) |  | 0.82 |  |  | (1.17 | )
Diluted | $ | 0.01 |  |  | $ | (0.66 | ) |  | $ | 0.66 |  |  | $ | (0.95 | )
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. The following were excluded from the calculation of “Diluted net (loss) income per common share attributable to controlling interest” because the as-converted effect of the unvested restricted stock and stock units, stock options and warrants would have been anti-dilutive (share amounts in thousands):
| Three months ended June 30, |  | Nine months ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Unvested restricted stock and restricted stock units | 146 |  |  | — |  |  | 593 |  |  | — |
Stock options | 1,900 |  |  | — |  |  | 1,781 |  |  | — |
Anti-dilutive warrants | 156 |  |  | — |  |  | 183 |  |  | — |
For the three and nine months ended June 30, 2016, there were 1.8 million outstanding warrants to purchase HRG common stock at an exercise price of $13.125 per share that were excluded from the calculation of “Diluted net (loss) income per common share attributable to controlling interest” because the exercise price per share was above the average stock price for the three and nine months ended June 30, 2016.

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