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EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Fiscal Year Ended September 30,
(Dollars in Thousands, Except Per Share Data)202120202019
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$141,708 $104,720 $97,004 
Dividends and undistributed earnings allocated to participating securities(2,698)(2,414)(2,378)
Basic net earnings available to common stockholders139,010 102,306 94,626 
Undistributed earnings allocated to nonvested restricted stockholders2,575 2,249 2,187 
Reallocation of undistributed earnings to nonvested restricted stockholders(2,573)(2,249)(2,185)
Diluted net earnings available to common stockholders$139,012 $102,306 $94,628 
Total weighted-average basic common shares outstanding31,729,596 34,829,971 37,927,734 
Effect of dilutive securities(1)
Stock options— — 40,718 
Performance share units21,926 — — 
Total effect of dilutive securities21,926 — 40,718 
Total weighted-average diluted common shares outstanding31,751,522 34,829,971 37,968,452 
Net earnings per common share:
Basic earnings per common share$4.38 $2.94 $2.49 
Diluted earnings per common share(2)
$4.38 $2.94 $2.49 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the fiscal years ended September 30, 2021, 2020, and 2019, respectively, were 615,811, 821,738, and 953,185 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.