EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

7. EARNINGS PER SHARE

The following table presents the calculation of the Company’s basic and diluted earnings per share for the fiscal years ended September 30:

(Thousands, except per share amounts)	2018		2017		2016
Net income, as reported	$	233,436	$	132,065	$	131,672
Basic earnings per share
Weighted average shares of common stock outstanding-basic	87,689		86,321		85,884
Basic earnings per common share	$2.66		$1.53		$1.53
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	87,689		86,321		85,884
Incremental shares (1)	626		823		847
Weighted average shares of common stock outstanding-diluted	88,315		87,144		86,731
Diluted earnings per common share (2)	$2.64		$1.52		$1.52

(1) Incremental shares consist primarily of unvested stock awards and performance units.

(2) There were no anti-dilutive shares excluded from the calculation of diluted earnings per share for fiscal 2018, 2017 and 2016.