EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2023

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
	December 31,
(Thousands, except per share amounts)	2023		2022
Net income, as reported	$	89,411	$	115,921
Basic earnings per share
Weighted average shares of common stock outstanding-basic	97,869		96,485
Basic earnings per common share	$0.91		$1.20
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	97,869		96,485
Incremental shares (1)	694		598
Weighted average shares of common stock outstanding-diluted	98,563		97,083
Diluted earnings per common share	$0.91		$1.19

(1)Incremental shares consist primarily of unvested stock awards and performance units, which are calculated using the treasury stock method.