| 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) | 2024 | | 2023 | | 2024 | | 2023 | | 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 share | 87,474 | | | 94,010 | | | 264,989 | | | 351,668 | | | | | | | | | | | Adjustment for diluted earnings per share | | | | | | | | | Effect of reallocating undistributed earnings of unvested shareholders | 1 | | | 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 shares | 98,752 | | | 101,163 | | | 98,891 | | | 103,464 | | | Effect of dilutive shares from restricted stock and performance share units | 255 | | | 387 | | | 225 | | | 388 | | | Denominator for diluted earnings per share - adjusted weighted-average shares | 99,007 | | | 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 | |
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| 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) | 2024 | | 2023 | | 2024 | | 2023 | | Potentially dilutive shares excluded as anti-dilutive | 2,318 | | | 2,964 | | | 2,374 | | | 2,479 | | | Weighted-average price per share | $ | 60.00 | | | $ | 58.86 | | | $ | 60.32 | | | $ | 61.88 | |
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