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Earnings Per Share
6 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

3. EARNINGS PER SHARE

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

154.6

 

 

$

98.2

 

 

$

221.9

 

 

$

214.2

 

Less: Income allocated to participating securities

 

 

0.3

 

 

 

0.2

 

 

 

0.5

 

 

 

0.5

 

Income Available to Common Shareholders

 

$

154.3

 

 

$

98.0

 

 

$

221.4

 

 

$

213.7

 

Weighted Average Shares Outstanding (in millions)

 

 

50.6

 

 

 

48.2

 

 

 

50.6

 

 

 

48.2

 

Basic Earnings Per Share

 

$

3.05

 

 

$

2.03

 

 

$

4.37

 

 

$

4.43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

154.6

 

 

$

98.2

 

 

$

221.9

 

 

$

214.2

 

Less: Income allocated to participating securities

 

 

0.3

 

 

 

0.2

 

 

 

0.5

 

 

 

0.5

 

Income Available to Common Shareholders

 

$

154.3

 

 

$

98.0

 

 

$

221.4

 

 

$

213.7

 

Weighted Average Shares Outstanding (in millions)

 

 

50.6

 

 

 

48.2

 

 

 

50.6

 

 

 

48.2

 

Dilutive Effect of Restricted Stock and Restricted Stock Units (in millions)*

 

 

0.2

 

 

 

0.2

 

 

 

0.2

 

 

 

0.2

 

Weighted Average Diluted Shares (in millions)

 

 

50.8

 

 

 

48.4

 

 

 

50.8

 

 

 

48.4

 

Diluted Earnings Per Share

 

$

3.04

 

 

$

2.03

 

 

$

4.36

 

 

$

4.42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Calculation excludes certain outstanding shares (shown in millions by period

   at the right) attributable to stock units subject to performance or market

   conditions and restricted stock, which could have a dilutive effect in the future

 

 

0.3

 

 

 

0.4

 

 

 

0.3

 

 

 

0.4