EARNINGS PER SHARE

12 Months Ended

Sep. 30, 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 the fiscal years ended September 30:

(Thousands, except per share amounts)	2021		2020		2019
Net income, as reported	$	117,890	$	163,007	$	123,935
Basic earnings per share
Weighted average shares of common stock outstanding-basic	96,227		94,798		89,242
Basic earnings per common share	$1.23		$1.72		$1.39
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	96,227		94,798		89,242
Incremental shares (1)	333		305		354
Weighted average shares of common stock outstanding-diluted	96,560		95,103		89,596
Diluted earnings per common share (2)	$1.22		$1.71		$1.38

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

(2)There were anti-dilutive shares of 74,000 excluded from the calculation of diluted earnings per share related to the equity forward sale agreement for fiscal 2020. There were no anti-dilutive shares excluded from the calculation of diluted earnings per share for fiscal 2021 and 2019.