EARNINGS PER SHARE (EPS)

9 Months Ended

Jun. 30, 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 June 30,		Nine Months Ended June 30,
	2021	2020	2021	2020
Common shares outstanding	56,677	47,425	56,677	47,425
Unallocated ESOP shares	(1,912)	(2,108)	(1,912)	(2,108)
Non-vested restricted stock	(3,814)	(3,555)	(3,814)	(3,555)
Impact of weighted average shares	(48)	(50)	(172)	(279)
Weighted average shares outstanding - basic	50,903	41,712	50,779	41,483
Incremental shares from stock based compensation	2,601	2,062	2,527	2,335
Weighted average shares outstanding - diluted	53,504	43,774	53,306	43,818