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Earnings per Share (EPS) and Common Stock (Tables)
6 Months Ended
Mar. 31, 2024
Earnings Per Share And Common Stock [Abstract]  
Earnings per Share Basic and Diluted

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

(in thousands, except per share data)

 

Three months ended

 

 

Six months ended

 

 

 

March 31,
2024

 

 

March 31,
2023

 

 

March 31,
2024

 

 

March 31,
2023

 

Net income

 

$

114,445

 

 

$

63,504

 

 

$

180,832

 

 

$

138,539

 

Weighted-average shares outstanding—Basic

 

 

119,587

 

 

 

118,260

 

 

 

119,354

 

 

 

118,037

 

Dilutive effect of restricted stock units

 

 

1,125

 

 

 

781

 

 

 

1,126

 

 

 

875

 

Weighted-average shares outstanding—Diluted

 

 

120,712

 

 

 

119,041

 

 

 

120,480

 

 

 

118,912

 

Earnings per share—Basic

 

$

0.96

 

 

$

0.54

 

 

$

1.52

 

 

$

1.17

 

Earnings per share—Diluted

 

$

0.95

 

 

$

0.53

 

 

$

1.50

 

 

$

1.17