Earnings per Share (EPS) and Common Stock

9 Months Ended

Jun. 30, 2023

Earnings Per Share And Common Stock [Abstract]

Earnings per Share (EPS) and Common Stock

5. Earnings per Share (EPS) and Common Stock

EPS

The following table presents the calculation for both basic and diluted EPS:

(in thousands, except per share data)	Three months ended				Nine months ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Net income	$	61,398	$	70,476	$	199,937	$	206,244
Weighted-average shares outstanding—Basic		118,483		117,073		118,186		117,114
Dilutive effect of restricted stock units		909		895		886		983
Weighted-average shares outstanding—Diluted		119,392		117,968		119,072		118,097
Earnings per share—Basic	$	0.52	$	0.60	$	1.69	$	1.76
Earnings per share—Diluted	$	0.51	$	0.60	$	1.68	$	1.75

Anti-dilutive shares were immaterial for the three and nine months ended June 30, 2023 and June 30, 2022.