EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

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)	2021		2020		2021		2020
Net income, as reported	$	149,809	$	73,846	$	230,854	$	149,598
Basic earnings per share
Weighted average shares of common stock outstanding-basic	96,248		95,584		96,181		93,747
Basic earnings per common share	$1.56		$0.78		$2.40		$1.60
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	96,248		95,584		96,181		93,747
Equity forward sale agreement (1)	—		—		—		4
Other (2)	370		306		417		322
Weighted average shares of common stock outstanding-diluted	96,618		95,890		96,598		94,073
Diluted earnings per common share (3)	$1.55		$0.77		$2.39		$1.59

(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 24,101 and 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, 2021 and 2020. There were anti-dilutive shares of 65,334 excluded from the calculation of diluted earnings per share related to the equity forward sale agreement during the six months ended March 31, 2021. There were no anti-dilutive shares excluded during the six months ended March 31, 2020.