v3.22.4
Earnings Per Share (Tables)
3 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic Shares to Diluted Shares

The following table presents the reconciliation of the numerator and denominator for calculating net (loss) income per share:

 

 

 

Three Months Ended December 31,

 

in thousands, except per share data

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Net (loss) income - basic and diluted

 

$

(2,158

)

 

$

19,044

 

Interest on Convertible Senior Notes, net of tax

 

 

-

 

 

 

1,911

 

Net (loss) income - diluted

 

$

(2,158

)

 

$

20,955

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

39,962

 

 

 

38,839

 

Dilutive effect of restricted stock awards

 

 

-

 

 

 

854

 

Dilutive effect of the Convertible Senior Notes

 

 

-

 

 

 

4,677

 

Weighted average common shares outstanding - diluted

 

 

39,962

 

 

 

44,370

 

 

 

 

 

 

 

 

Net (loss) income per common share:

 

 

 

 

 

 

Basic

 

$

(0.05

)

 

$

0.49

 

Diluted

 

$

(0.05

)

 

$

0.47

 

 

 

 

 

 

 

 

 

Schedule of Potential Shares Considered Antidilutive The following table sets forth potential shares that were considered anti-dilutive during the three months ended December 31, 2022 and 2021.

 

 

 

Three Months Ended December 31,

 

in thousands

 

2022

 

 

2021

 

Contingently issuable stock awards

 

 

103

 

 

 

-

 

Conversion option of our Convertible Senior Notes

 

 

4,677

 

 

 

-