EARNINGS PER SHARE (EPS)

6 Months Ended

Mar. 31, 2021

Basic EPS was calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted EPS was calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding plus additional common shares that could be issued in connection with stock based compensation.

The following table is a reconciliation of the share amounts (in thousands) used in computing earnings per share:


	Three Months Ended March 31,		Six Months Ended March 31,
	2021	2020	2021	2020
Common shares outstanding	56,684	47,431	56,684	47,431
Unallocated ESOP shares	(1,961)	(2,159)	(1,961)	(2,159)
Non-vested restricted stock	(3,822)	(3,562)	(3,822)	(3,562)
Impact of weighted average shares	(63)	(145)	(184)	(341)
Weighted average shares outstanding - basic	50,838	41,565	50,717	41,369
Incremental shares from stock based compensation	2,426	2,169	2,494	2,457
Weighted average shares outstanding - diluted	53,264	43,734	53,211	43,826