Earnings Per Share

3 Months Ended

Dec. 31, 2023

Basic income per share is calculated by dividing net income by the weighted-average number of shares outstanding during the period. Diluted income per share adjusts the basic income per share for the effects of any potentially dilutive securities in periods in which the Company has net income and such effects are dilutive under the treasury stock method.

Following is a summary of the components of basic and diluted income per share for the periods presented:


	Three Months Ended December 31,
in thousands (except per share data)	2023		2022
Numerator:
Income from continuing operations	$	21,728	$	24,408
Loss from discontinued operations, net of tax	—		(77)
Net income	$	21,728	$	24,331

Denominator:
Basic weighted-average shares	30,595		30,219
Dilutive effect of restricted stock awards	379		257
Dilutive effect of stock options	8		4
Diluted weighted-average shares(a)	30,982		30,480

Basic income per share:
Continuing operations	$	0.71	$	0.81
Discontinued operations	—		—
Total	$	0.71	$	0.81

Diluted income per share:
Continuing operations	$	0.70	$	0.80
Discontinued operations	—		—
Total	$	0.70	$	0.80

(a) The following potentially dilutive shares were excluded from the calculation of diluted income per share as a result of their anti-dilutive effect.


	Three Months Ended December 31,
in thousands	2023	2022
Stock options	—	13
Time-based restricted stock	68	147