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Earnings Per Share (Tables)
6 Months Ended
Mar. 31, 2024
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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

97,556

 

 

$

35,511

 

 

$

187,600

 

 

$

65,117

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares outstanding

 

 

60,427

 

 

 

59,807

 

 

 

60,223

 

 

 

59,736

 

Dilutive effect of stock options, restricted units, and performance units

 

 

1,938

 

 

 

1,420

 

 

 

1,883

 

 

 

1,347

 

Diluted shares outstanding

 

 

62,365

 

 

 

61,227

 

 

 

62,106

 

 

 

61,083

 

Income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.61

 

 

$

0.59

 

 

$

3.12

 

 

$

1.09

 

Diluted earnings per share

 

$

1.56

 

 

$

0.58

 

 

$

3.02

 

 

$

1.07

 

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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Options

 

 

14

 

 

 

1,560

 

 

 

37

 

 

 

1,592

 

Weighted-average option price

 

$

122.38

 

 

$

102.01

 

 

$

131.03

 

 

$

101.95

 

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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

54

 

 

 

94

 

 

 

54

 

 

 

109