EARNINGS PER COMMON SHARE
The following table presents information necessary to calculate basic and diluted net income (loss) per common share for the periods indicated:
 Year Ended September 30,
 202520242023
Net income (loss)$145.2 $(34.9)$(380.1)
Basic net income (loss) per common share:
Weighted-average common shares outstanding
during the period
57.6 56.8 56.0 
Basic net income (loss) per common share$2.52 $(0.61)$(6.79)
Diluted net income (loss) per common share:
Weighted-average common shares outstanding
during the period
57.6 56.8 56.0 
Dilutive potential common shares1.1 — — 
Weighted-average number of common shares outstanding and dilutive potential common shares58.7 56.8 56.0 
Diluted net income (loss) per common share$2.47 $(0.61)$(6.79)
Antidilutive stock options outstanding0.5 0.4 0.4 
Diluted average common shares used in the diluted net income per common share calculation for fiscal 2025 were 58.7 million, which included dilutive potential common shares of 1.1 million. Diluted average common shares used in the diluted net loss per common share calculation for fiscal 2024 and fiscal 2023 were 56.8 million and 56.0 million, respectively, which excluded potential common shares of 0.9 million and 0.4 million, respectively, because the effect of their inclusion would be anti-dilutive as the Company incurred a net loss for fiscal 2024 and 2023.

Historical Timeline

Fiscal YearFiled
2025Nov 25, 2025Showing above
2024Nov 26, 2024
2023Nov 22, 2023
2022Nov 28, 2022
2021Nov 23, 2021
2020Nov 24, 2020
2019Nov 27, 2019
2018Nov 29, 2018

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.