Earnings per Share (EPS) and Common Stock

9 Months Ended

Jun. 30, 2024

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				Nine months ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Net income	$	68,978	$	61,398	$	249,810	$	199,937
Weighted-average shares outstanding—Basic		119,893		118,483		119,533		118,186
Dilutive effect of restricted stock units		929		909		1,060		886
Weighted-average shares outstanding—Diluted		120,822		119,392		120,593		119,072
Earnings per share—Basic	$	0.58	$	0.52	$	2.09	$	1.69
Earnings per share—Diluted	$	0.57	$	0.51	$	2.07	$	1.68

Anti-dilutive shares were immaterial for the three and nine months ended June 30, 2024 and June 30, 2023.