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Earnings Per Share (Tables)
6 Months Ended
Mar. 31, 2023
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 March 31,

 

 

Six-Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

35,511

 

 

$

47,906

 

 

$

65,117

 

 

$

78,211

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares outstanding

 

 

59,807

 

 

 

62,550

 

 

 

59,736

 

 

 

62,825

 

Dilutive effect of stock options and restricted stock

 

 

1,420

 

 

 

2,068

 

 

 

1,347

 

 

 

2,038

 

Diluted shares outstanding

 

 

61,227

 

 

 

64,618

 

 

 

61,083

 

 

 

64,863

 

Income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.59

 

 

$

0.77

 

 

$

1.09

 

 

$

1.24

 

Diluted earnings per share

 

$

0.58

 

 

$

0.74

 

 

$

1.07

 

 

$

1.21

 

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 March 31,

 

 

Six-Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Options

 

 

1,560

 

 

 

464

 

 

 

1,592

 

 

 

466

 

Weighted-average option price

 

$

102.01

 

 

$

117.92

 

 

$

101.95

 

 

$

117.95

 

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 March 31,

 

 

Six-Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

94

 

 

 

153

 

 

 

109

 

 

 

158