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Earnings (Loss) Per Share of Common Stock (Tables) | 9 Months Ended
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Jun. 30, 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 June 30, |  |  | Nine Months Ended June 30, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Basic Earnings (Loss) per common share |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 23.5 |  |  | $ | 16.8 |  |  | $ | 40.8 |  |  | $ | (24.1 | )
Less: dividends on Series A convertible preferred shares |  | (8.9 | ) |  |  | — |  |  |  | (26.7 | ) |  |  | — |
Less: Earnings allocated to Convertible Preferred Shares |  | (5.3 | ) |  |  | — |  |  |  | (5.1 | ) |  |  | — |
Net income (loss) available to common shareholders | $ | 9.3 |  |  | $ | 16.8 |  |  | $ | 9.0 |  |  | $ | (24.1 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding – basic |  | 94,549,000 |  |  |  | 93,504,000 |  |  |  | 94,668,000 |  |  |  | 93,409,000 |
Basic earnings (loss) per share | $ | 0.10 |  |  | $ | 0.18 |  |  | $ | 0.09 |  |  | $ | (0.26 | )
Diluted earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) available to common shareholders – diluted | $ | 9.3 |  |  | $ | 16.8 |  |  | $ | 9.0 |  |  | $ | (24.1 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding – basic |  | 94,549,000 |  |  |  | 93,504,000 |  |  |  | 94,668,000 |  |  |  | 93,409,000 |
Dilutive effect of: |  |  |  |  |  |  |  |  |  |  |
Stock compensation awards |  | 2,123,000 |  |  |  | 497,000 |  |  |  | 1,133,000 |  |  |  | — |
Series A convertible preferred stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Weighted average number of common shares outstanding – diluted |  | 96,672,000 |  |  |  | 94,001,000 |  |  |  | 95,801,000 |  |  |  | 93,409,000 |
Diluted earnings (loss) per share | $ | 0.10 |  |  | $ | 0.18 |  |  | $ | 0.09 |  |  | $ | (0.26 | )
Other Information: |  |  |  |  |  |  |  |  |  |  |
Weighted average number of anti-dilutive Series A convertible preferred shares, options and restricted stock(a) |  | 55,369,000 |  |  |  | 4,663,000 |  |  |  | 57,011,000 |  |  |  | 4,712,000 |
(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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