v3.22.2.2
EARNINGS PER COMMON SHARE
12 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
The following table presents information necessary to calculate basic and diluted income per Common Share.
 Year Ended September 30,
 202220212020
Income (loss) from continuing operations$(437.5)$517.3 $386.9 
Net income attributable to noncontrolling interest— (0.9)(1.2)
Income (loss) attributable to controlling interest from continuing operations(437.5)516.4 385.7 
Income (loss) from discontinued operations, net of tax— (3.9)1.7 
Net income (loss) attributable to controlling interest$(437.5)$512.5 $387.4 
Basic income (loss) per common share:
Weighted-average common shares outstanding
during the period
55.5 55.7 55.7 
Income (loss) from continuing operations$(7.88)$9.27 $6.92 
Income (loss) from discontinued operations— (0.07)0.04 
Basic net income (loss) per common share$(7.88)$9.20 $6.96 
Diluted income (loss) per common share:
Weighted-average common shares outstanding
during the period
55.5 55.7 55.7 
Dilutive potential common shares— 1.5 1.2 
Weighted-average number of common shares outstanding and dilutive potential common shares55.5 57.2 56.9 
Income (loss) from continuing operations$(7.88)$9.03 $6.78 
Income (loss) from discontinued operations— (0.07)0.03 
Diluted net income (loss) per common share$(7.88)$8.96 $6.81 
Diluted average common shares used in the diluted loss per common share calculation for fiscal 2022 were 55.5 million, which excluded potential Common Shares of 0.6 million because the effect of their inclusion would be anti-dilutive as the Company incurred a net loss for fiscal 2022. Diluted average common shares used in the diluted income per common share calculation were 57.2 million and 56.9 million for fiscal 2021 and fiscal 2020, respectively, which included dilutive potential Common Shares of 1.5 million and 1.2 million, respectively.
Stock options with exercise prices greater than the average market price of the underlying Common Shares are excluded from the computation of diluted income per common share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. For fiscal 2022 and fiscal 2021, the average number of out-of-the money options was 0.2 million and 0.1 million, respectively. There were no out-of-the-money options for fiscal 2020.