v3.24.2
EARNINGS (LOSSES) PER COMMON SHARE (Tables)
9 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
Three Months Ended
June 30,
Nine Months Ended
June 30,
(in thousands, except per share amounts)2024202320242023
Numerator:
Net income $88,685 $95,293 $268,689 356,478 
Adjustment for basic earnings per share
Earnings allocated to unvested shareholders(1,211)(1,283)(3,700)(4,810)
Numerator for basic earnings per share87,474 94,010 264,989 351,668 
Adjustment for diluted earnings per share
Effect of reallocating undistributed earnings of unvested shareholders1 2 4 9 
Numerator for diluted earnings per share$87,475 $94,012 $264,993 $351,677 
Denominator:
Denominator for basic earnings per share - weighted-average shares98,752 101,163 98,891 103,464 
Effect of dilutive shares from restricted stock and performance share units255 387 225 388 
Denominator for diluted earnings per share - adjusted weighted-average shares99,007 101,550 99,116 103,852 
Basic earnings per common share:$0.89 $0.93 $2.68 $3.40 
Diluted earnings per common share:$0.88 $0.93 $2.67 $3.39 
Schedule of Anti-Dilutive Shares Excluded from the Calculation of Diluted Earnings Per Share
The following potentially dilutive average shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:
Three Months Ended
June 30,
Nine Months Ended
June 30,
(in thousands, except per share amounts)2024202320242023
Potentially dilutive shares excluded as anti-dilutive2,318 2,964 2,374 2,479 
Weighted-average price per share$60.00 $58.86 $60.32 $61.88