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Earnings (Loss) Per Share of Common Stock (Tables) | 6 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Reconciliation of Numerator and Denominator for Basic and Diluted Earnings (loss) Per Share Calculation | Set forth below is a reconciliation of the numerator and denominator for basic and diluted (loss) earnings per share calculation for the periods indicated:
| Three Months Ended March 31, |  |  | Six Months Ended March 31, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Basic Earnings (Loss) per common share |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 33.7 |  |  | $ | (22.0 | ) |  | $ | 17.3 |  |  | $ | (40.9 | )
Less: dividends on Series A convertible preferred shares |  | (8.9 | ) |  |  | — |  |  |  | (17.8 | ) |  |  | — |
Less: Earnings allocated to Convertible Preferred Shares |  | (9.0 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) available to common shareholders | $ | 15.8 |  |  | $ | (22.0 | ) |  | $ | (0.5 | ) |  | $ | (40.9 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding – basic |  | 94,436,000 |  |  |  | 93,475,000 |  |  |  | 94,210,000 |  |  |  | 93,362,000 |
Basic earnings (loss) per share | $ | 0.17 |  |  | $ | (0.23 | ) |  | $ | (0.01 | ) |  | $ | (0.44 | )
Diluted earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) available to common shareholders – diluted | $ | 15.8 |  |  | $ | (22.0 | ) |  | $ | (0.5 | ) |  | $ | (40.9 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding – basic |  | 94,436,000 |  |  |  | 93,475,000 |  |  |  | 94,210,000 |  |  |  | 93,362,000 |
Dilutive effect of: |  |  |  |  |  |  |  |  |  |  |
Stock compensation awards |  | 1,275,000 |  |  |  | — |  |  |  | — |  |  |  | — |
Series A convertible preferred stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Weighted average number of common shares outstanding – diluted |  | 95,711,000 |  |  |  | 93,475,000 |  |  |  | 94,210,000 |  |  |  | 93,362,000 |
Diluted earnings (loss) per share | $ | 0.17 |  |  | $ | (0.23 | ) |  | $ | (0.01 | ) |  | $ | (0.44 | )
Other Information: |  |  |  |  |  |  |  |  |  |  |
Weighted average number of anti-dilutive Series A convertible preferred shares, options and restricted stock(a) |  | 55,691,000 |  |  |  | 5,320,000 |  |  |  | 57,560,000 |  |  |  | 5,321,000 |
(a) Weighted average number of anti-dilutive options is based upon the average closing price of the Company’s common stock on the NYSE for the period.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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