Earnings Per Share (Table)

6 Months Ended

Mar. 31, 2018

Basic and diluted earnings per share for the three and six months ended March 31, 2018 and 2017 are calculated as follows:



	Three Months Ended March 31				Six Months Ended March 31
	2018		2017		2018		2017
	(In thousands, except per share amounts)
Basic and Diluted Earnings Per Share from continuing operations
Income from continuing operations	$	178,992	$	162,012	$	493,124	$	276,050
Less: Income from continuing operations allocated to participating securities	161		193		459		348
Income from continuing operations available to common shareholders	$	178,831	$	161,819	$	492,665	$	275,702
Basic and diluted weighted average shares outstanding	111,706		105,935		110,135		105,610
Income from continuing operations per share — Basic and Diluted	$	1.60	$	1.52	$	4.47	$	2.61

Basic and Diluted Earnings Per Share from discontinued operations
Income from discontinued operations	$	—	$	2,716	$	—	$	13,710
Less: Income from discontinued operations allocated to participating securities	—		2		—		15
Income from discontinued operations available to common shareholders	$	—	$	2,714	$	—	$	13,695
Basic and diluted weighted average shares outstanding	111,706		105,935		110,135		105,610
Income from discontinued operations per share — Basic and Diluted	$	—	$	0.03	$	—	$	0.13
Net income per share — Basic and Diluted	$	1.60	$	1.55	$	4.47	$	2.74