Schedule of Earnings Per Share, Basic and Diluted |
Basic and diluted earnings per share for the three and nine months ended June 30, 2022 and 2021 are calculated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | Nine Months Ended June 30 | | 2022 | | 2021 | | 2022 | | 2021 | | (In thousands, except per share amounts) | Basic Earnings Per Share | | | | | | | | Net income | $ | 128,547 | | | $ | 102,411 | | | $ | 702,755 | | | $ | 616,843 | | Less: Income allocated to participating securities | 79 | | | 70 | | | 465 | | | 440 | | Income available to common shareholders | $ | 128,468 | | | $ | 102,341 | | | $ | 702,290 | | | $ | 616,403 | | Basic weighted average shares outstanding | 139,881 | | | 131,358 | | | 136,799 | | | 129,185 | | Net income per share — Basic | $ | 0.92 | | | $ | 0.78 | | | $ | 5.13 | | | $ | 4.77 | | Diluted Earnings Per Share | | | | | | | | Income available to common shareholders | $ | 128,468 | | | $ | 102,341 | | | $ | 702,290 | | | $ | 616,403 | | Effect of dilutive shares | — | | | — | | | — | | | — | | Income available to common shareholders | $ | 128,468 | | | $ | 102,341 | | | $ | 702,290 | | | $ | 616,403 | | Basic weighted average shares outstanding | 139,881 | | | 131,358 | | | 136,799 | | | 129,185 | | Dilutive shares | 346 | | | 128 | | | 256 | | | 44 | | Diluted weighted average shares outstanding | 140,227 | | | 131,486 | | | 137,055 | | | 129,229 | | Net income per share - Diluted | $ | 0.92 | | | $ | 0.78 | | | $ | 5.12 | | | $ | 4.77 | |
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