Earnings per Share (EPS) and Common Stock

3 Months Ended

Dec. 31, 2023

Earnings Per Share And Common Stock [Abstract]

Earnings per Share (EPS) and Common Stock

4. 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
	December 31, 2023		December 31, 2022
Net income	$	66,387	$	75,035
Weighted-average shares outstanding—Basic		119,124		117,819
Dilutive effect of restricted stock units		1,126		969
Weighted-average shares outstanding—Diluted		120,250		118,788
Earnings per share—Basic	$	0.56	$	0.64
Earnings per share—Diluted	$	0.55	$	0.63

Anti-dilutive shares were immaterial for the three months ended December 31, 2023 and December 31, 2022.