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Earnings Per Common Share (Tables)
6 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

133.6

 

 

$

154.6

 

 

$

200.6

 

 

$

221.9

 

Less: Provision for preferred dividends

 

 

3.7

 

 

 

 

 

 

7.4

 

 

 

 

Income allocated to participating securities

 

 

0.2

 

 

 

0.3

 

 

 

0.3

 

 

 

0.5

 

Income Available to Common Shareholders

 

$

129.7

 

 

$

154.3

 

 

$

192.9

 

 

$

221.4

 

Weighted Average Common Shares Outstanding (in millions)

 

 

51.0

 

 

 

50.6

 

 

 

51.0

 

 

 

50.6

 

Basic Earnings Per Common Share

 

$

2.55

 

 

$

3.05

 

 

$

3.78

 

 

$

4.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

133.6

 

 

$

154.6

 

 

$

200.6

 

 

$

221.9

 

Less: Provision for preferred dividends

 

 

3.7

 

 

 

 

 

 

7.4

 

 

 

 

Income allocated to participating securities

 

 

0.2

 

 

 

0.3

 

 

 

0.3

 

 

 

0.5

 

Income Available to Common Shareholders

 

$

129.7

 

 

$

154.3

 

 

$

192.9

 

 

$

221.4

 

Weighted Average Common Shares Outstanding (in millions)

 

 

51.0

 

 

 

50.6

 

 

 

51.0

 

 

 

50.6

 

Dilutive Effect of Restricted Stock and Restricted Stock Units (in millions)*

 

 

0.1

 

 

 

0.2

 

 

 

0.1

 

 

 

0.2

 

Weighted Average Diluted Common Shares (in millions)

 

 

51.1

 

 

 

50.8

 

 

 

51.1

 

 

 

50.8

 

Diluted Earnings Per Common Share

 

$

2.54

 

 

$

3.04

 

 

$

3.77

 

 

$

4.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Calculation excludes certain outstanding common shares (shown in millions by

   period at the right) attributable to stock units subject to performance or market

   conditions and restricted stock, which could have a dilutive effect in the future

 

 

0.1

 

 

 

0.3

 

 

 

0.1

 

 

 

0.3