Schedule of Earnings Per Share, Basic and Diluted |
Basic and diluted earnings per share for the three and six months ended March 31, 2021 and 2020 are calculated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31 | | Six Months Ended March 31 | | 2021 | | 2020 | | 2021 | | 2020 | | (In thousands, except per share amounts) | Basic Earnings Per Share | | | | | | | | Net income | $ | 296,754 | | | $ | 239,646 | | | $ | 514,432 | | | $ | 418,319 | | Less: Income allocated to participating securities | 199 | | | 178 | | | 350 | | | 314 | | Income available to common shareholders | $ | 296,555 | | | $ | 239,468 | | | $ | 514,082 | | | $ | 418,005 | | Basic weighted average shares outstanding | 129,161 | | | 122,916 | | | 128,098 | | | 122,015 | | Net income per share — Basic | $ | 2.30 | | | $ | 1.95 | | | $ | 4.01 | | | $ | 3.43 | | Diluted Earnings Per Share | | | | | | | | Income available to common shareholders | $ | 296,555 | | | $ | 239,468 | | | $ | 514,082 | | | $ | 418,005 | | Effect of dilutive shares | — | | | — | | | — | | | — | | Income available to common shareholders | $ | 296,555 | | | $ | 239,468 | | | $ | 514,082 | | | $ | 418,005 | | Basic weighted average shares outstanding | 129,161 | | | 122,916 | | | 128,098 | | | 122,015 | | Dilutive shares | 3 | | | 81 | | | 2 | | | 164 | | Diluted weighted average shares outstanding | 129,164 | | | 122,997 | | | 128,100 | | | 122,179 | | Net income per share - Diluted | $ | 2.30 | | | $ | 1.95 | | | $ | 4.01 | | | $ | 3.42 | |
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