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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 2020
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:

 

 

 

Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

240,395

 

 

$

259,602

 

 

$

180,378

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares outstanding

 

 

62,267

 

 

 

61,950

 

 

 

61,493

 

Dilutive effect of stock options and restricted stock units

 

 

1,942

 

 

 

2,548

 

 

 

2,383

 

Diluted shares outstanding

 

 

64,209

 

 

 

64,498

 

 

 

63,876

 

Income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

3.86

 

 

$

4.19

 

 

$

2.93

 

Diluted earnings per share

 

$

3.74

 

 

$

4.02

 

 

$

2.82

 

 

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

The following stock option grants were outstanding during the fiscal years ended September 30, 2020, 2019 and 2018, but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive.

 

 

 

Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Options

 

 

660

 

 

 

25

 

 

 

760

 

Weighted-average option price

 

$

104.45

 

 

$

96.54

 

 

$

78.72

 

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:

 

 

 

Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

211

 

 

 

208

 

 

 

198