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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

     Year Ended September 30,  
     2017      2016      2015  

Numerator:

        

Net income

   $ 436,826      $ 409,331      $ 446,163  

Net income and dividends attributable to participating restricted shares

     (3,517      (3,592      (4,597
  

 

 

    

 

 

    

 

 

 

Numerator for basic earnings per common share

   $ 433,309      $ 405,739      $ 441,566  
  

 

 

    

 

 

    

 

 

 

Undistributed income allocated to participating restricted shares

     2,512        2,604        3,539  

Undistributed income reallocated to participating restricted shares

     (2,488      (2,569      (3,485
  

 

 

    

 

 

    

 

 

 

Numerator for diluted earnings per common share

   $ 433,333      $ 405,774      $ 441,620  
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Weighted average number of shares outstanding — basic

     146,017        149,168        154,423  

Weighted average number of participating restricted shares

     (1,176      (1,309      (1,591
  

 

 

    

 

 

    

 

 

 

Weighted average number of common shares — basic

     144,841        147,859        152,832  
  

 

 

    

 

 

    

 

 

 

Effect of assumed conversion of 0.5% convertible notes

     —          5        14  

Effect of dilutive stock options granted

     1,414        2,002        2,372  
  

 

 

    

 

 

    

 

 

 

Weighted average number of common shares — diluted

     146,255        149,866        155,218  
  

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ 2.99      $ 2.74      $ 2.89  
  

 

 

    

 

 

    

 

 

 

Diluted earnings per common share

   $ 2.96      $ 2.71      $ 2.85