EARNINGS (LOSS) PER SHARE

9 Months Ended

Jun. 30, 2022

8. EARNINGS (LOSS) PER SHARE

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


	Three Months Ended				Nine Months Ended
	June 30,				June 30,
(Thousands, except per share amounts)	2022		2021		2022		2021
Net income (loss), as reported	$	13,053	$	(111,831)	$	220,400	$	119,023
Basic earnings (loss) per share
Weighted average shares of common stock outstanding-basic	96,154		96,348		96,055		96,237
Basic earnings (loss) per common share	$0.14		$(1.16)		$2.29		$1.24
Diluted earnings (loss) per share
Weighted average shares of common stock outstanding-basic	96,154		96,348		96,055		96,237
Incremental shares (1)	466		—		472		392
Weighted average shares of common stock outstanding-diluted	96,620		96,348		96,527		96,629
Diluted earnings (loss) per common share (2)	$0.14		$(1.16)		$2.28		$1.23

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

(2)Since there was a net loss for the three months ended June 30, 2021, incremental shares of 406,278 were not included in the computation of diluted loss per common share, as their effect would have been antidilutive. There were no anti-dilutive shares excluded during the three and nine months ended June 30, 2022 and during the nine months ended June 30, 2021.