EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2022

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)	2022		2021		2022		2021
Net income, as reported	$	96,035	$	149,809	$	207,347	$	230,854
Basic earnings per share
Weighted average shares of common stock outstanding-basic	96,068		96,248		96,006		96,181
Basic earnings per common share	$1.00		$1.56		$2.16		$2.40
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	96,068		96,248		96,006		96,181
Incremental shares (1)	448		370		474		417
Weighted average shares of common stock outstanding-diluted	96,516		96,618		96,480		96,598
Diluted earnings per common share (2)	$1.00		$1.55		$2.15		$2.39

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

(2)There were anti-dilutive shares of 24,101 and 65,334 excluded from the calculation of diluted earnings per share related to an equity forward sale agreement during the three and six months ended March 31, 2021, respectively.