EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2020

8. EARNINGS PER SHARE

The following table presents the calculation of the Company's basic and diluted earnings per share for:



	Three Months Ended				Six Months Ended
	March 31,				March 31,
(Thousands, except per share amounts)	2020		2019		2020		2019
Net income, as reported	$	88,505	$	73,573	$	177,866	$	159,821
Basic earnings per share
Weighted average shares of common stock outstanding-basic	95,584		88,836		93,747		88,692
Basic earnings per common share	$0.93		$0.83		$1.90		$1.80
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	95,584		88,836		93,747		88,692
Incremental shares:
Equity forward sale agreement ⁽¹⁾	—		—		4		—
Other ⁽²⁾	306		392		322		401
Weighted average shares of common stock outstanding-diluted	95,890		89,228		94,073		89,093
Diluted earnings per common share ⁽³⁾	$0.92		$0.82		$1.89		$1.79


(1)	See Note 14. Common Stock Equity for details regarding the forward sale agreement.


(2)	Consist primarily of unvested stock awards and performance shares.

(3)

There were anti-dilutive shares of 30,708 excluded from the calculation of diluted earnings per share related to the equity forward sale agreement during the three months ended March 31, 2020. There were no anti-dilutive shares excluded during the three months ended March 31, 2019 and six months ended March 31, 2020 and 2019.