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Earnings Per Common Share (Tables)
12 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

 

2019

 

 

2018

 

 

2017

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

184.6

 

 

$

214.2

 

 

$

161.6

 

Less:   Provision for preferred dividends

 

 

5.3

 

 

 

 

 

 

 

Income allocated to participating securities

 

 

0.4

 

 

 

0.5

 

 

 

0.4

 

Net Income Available to Common Shareholders

 

$

178.9

 

 

$

213.7

 

 

$

161.2

 

Weighted Average Common Shares Outstanding (in millions)

 

 

50.7

 

 

 

49.1

 

 

 

46.9

 

Basic Earnings Per Share of Common Stock

 

$

3.53

 

 

$

4.35

 

 

$

3.44

 

Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

184.6

 

 

$

214.2

 

 

$

161.6

 

Less:   Provision for preferred dividends

 

 

5.3

 

 

 

 

 

 

 

Income allocated to participating securities

 

 

0.4

 

 

 

0.5

 

 

 

0.4

 

Net Income Available to Common Shareholders

 

$

178.9

 

 

$

213.7

 

 

$

161.2

 

Weighted Average Common Shares Outstanding (in millions)

 

 

50.7

 

 

 

49.1

 

 

 

46.9

 

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

 

 

0.1

 

 

 

0.2

 

 

 

0.1

 

Weighted Average Diluted Common Shares (in millions)

 

 

50.8

 

 

 

49.3

 

 

 

47.0

 

Diluted Earnings Per Share of Common Stock

 

$

3.52

 

 

$

4.33

 

 

$

3.43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Calculation excludes certain outstanding common 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

 

 

0.1

 

 

 

0.4

 

 

 

0.5