Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2022

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 March 31,				Six-Months Ended March 31,
	2022		2021		2022		2021
Numerator:
Net earnings	$	47,906	$	68,313	$	78,211	$	109,883
Denominator:
Basic shares outstanding		62,550		63,278		62,825		63,043
Dilutive effect of stock options and restricted stock		2,068		2,376		2,038		2,231
Diluted shares outstanding		64,618		65,654		64,863		65,274
Income per common share:
Basic earnings per share	$	0.77	$	1.08	$	1.24	$	1.74
Diluted earnings per share	$	0.74	$	1.04	$	1.21	$	1.68

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 March 31,				Six-Months Ended March 31,
	2022		2021		2022		2021
Options		464		41		466		602
Weighted-average option price	$	117.92	$	117.39	$	117.95	$	104.85

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 March 31,				Six-Months Ended March 31,
	2022		2021		2022		2021
Weighted-average treasury stock shares held for deferred compensation obligations		153		196		158		197