v3.22.4
Earnings Per Share
3 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted income (loss) per share adjusts the basic income (loss) per share for the effects of any potentially dilutive securities in periods in which the Company has net income and such effects are dilutive under the treasury stock method.
Following is a summary of the components of basic and diluted income per share for the periods presented:
Three Months Ended December 31,
in thousands (except per share data)20222021
Numerator:
Income from continuing operations$24,408 $34,895 
Loss from discontinued operations, net of tax(77)(10)
Net income$24,331 $34,885 
Denominator:
Basic weighted-average shares30,219 30,336 
Dilutive effect of restricted stock awards257 379 
Dilutive effect of stock options4 
Diluted weighted-average shares(a)
30,480 30,724 
Basic income per share:
Continuing operations$0.81 $1.15 
Discontinued operations — 
Total$0.81 $1.15 
Diluted income per share:
Continuing operations$0.80 $1.14 
Discontinued operations — 
Total$0.80 $1.14 
(a) The following potentially dilutive shares were excluded from the calculation of diluted income per share as a result of their anti-dilutive effect.
Three Months Ended December 31,
in thousands20222021
Stock options13 48 
Time-based restricted stock147 —