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Earnings Per Share (Tables)
3 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Reconciliation of Net Earnings to Net Earnings Per Share Basic and Diluted

The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share:

 

 

Three-Months Ended December 31,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net earnings

 

$

29,606

 

 

$

30,305

 

Denominator:

 

 

 

 

 

 

Basic shares outstanding

 

 

59,667

 

 

 

63,094

 

Dilutive effect of stock options and restricted stock

 

 

1,261

 

 

 

2,005

 

Diluted shares outstanding

 

 

60,928

 

 

 

65,099

 

Income per common share:

 

 

 

 

 

 

Basic earnings per share

 

$

0.50

 

 

$

0.48

 

Diluted earnings per share

 

$

0.49

 

 

$

0.47

 

 

 

 

 

 

 

 

Anti-dilutive Stock Options Excluded from Computation of Earnings Per Share

The following stock option grants were outstanding but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive.

 

 

Three-Months Ended December 31,

 

 

 

2022

 

 

2021

 

Options

 

 

1,598

 

 

 

477

 

Weighted-average option price

 

$

101.18

 

 

$

117.63

 

Schedule of Treasury Stock Shares Held for Deferred Compensation Included in Basic and Diluted Shares Outstanding

The weighted-average shares of common stock outstanding for basic and diluted earnings per share included the weighted-average treasury stock shares held for deferred compensation obligations of the following:

 

 

Three-Months Ended December 31,

 

 

 

2022

 

 

2021

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

131

 

 

 

168