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Earnings Per Share (Tables)
9 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Reconciliation of Net Earnings to Net Earnings Per Share Basic and Diluted

The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

84,599

 

 

$

39,446

 

 

$

149,716

 

 

$

117,657

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares outstanding

 

 

60,056

 

 

 

60,506

 

 

 

59,843

 

 

 

62,052

 

Dilutive effect of stock options and restricted stock

 

 

1,535

 

 

 

1,582

 

 

 

1,407

 

 

 

1,885

 

Diluted shares outstanding

 

 

61,591

 

 

 

62,088

 

 

 

61,250

 

 

 

63,937

 

Income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.41

 

 

$

0.65

 

 

$

2.50

 

 

$

1.90

 

Diluted earnings per share

 

$

1.37

 

 

$

0.64

 

 

$

2.44

 

 

$

1.84

 

Anti-dilutive Stock Options Excluded from Computation of Earnings Per Share

The following stock option grants were outstanding but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Options

 

 

564

 

 

 

1,048

 

 

 

1,554

 

 

 

479

 

Weighted-average option price

 

$

114.70

 

 

$

110.49

 

 

$

102.06

 

 

$

117.45

 

Schedule of Treasury Stock Shares Held for Deferred Compensation Included in Basic and Diluted Shares Outstanding

The weighted-average shares of common stock outstanding for basic and diluted earnings per share included the weighted-average treasury stock shares held for deferred compensation obligations of the following:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

62

 

 

 

140

 

 

 

96

 

 

 

154