EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2023

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)	2023		2022		2023		2022
Net income, as reported	$	110,247	$	96,035	$	226,168	$	207,347
Basic earnings per share
Weighted average shares of common stock outstanding-basic	96,893		96,068		96,689		96,006
Basic earnings per common share	$1.14		$1.00		$2.34		$2.16
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	96,893		96,068		96,689		96,006
Incremental shares (1)	663		448		657		474
Weighted average shares of common stock outstanding-diluted	97,556		96,516		97,346		96,480
Diluted earnings per common share	$1.13		$1.00		$2.32		$2.15

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