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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 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:

 

 

Year Ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net earnings

 

$

232,368

 

 

$

171,698

 

 

$

208,649

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic shares outstanding

 

 

59,908

 

 

 

61,517

 

 

 

63,287

 

Dilutive effect of stock options and restricted stock units

 

 

1,574

 

 

 

1,737

 

 

 

2,268

 

Diluted shares outstanding

 

 

61,482

 

 

 

63,254

 

 

 

65,555

 

Income per common share:

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

3.88

 

 

$

2.79

 

 

$

3.30

 

Diluted earnings per share

 

$

3.78

 

 

$

2.71

 

 

$

3.18

 

 

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:

 

 

Year Ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Options

 

 

561

 

 

 

1,019

 

 

 

41

 

Weighted-average option price

 

$

114.88

 

 

$

110.71

 

 

$

116.38

 

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:

 

 

Year Ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

88

 

 

 

151

 

 

 

186