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

 

 

Year Ended September 30,

 

 

 

2024

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net earnings

 

$

372,971

 

 

$

232,368

 

 

$

171,698

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic shares outstanding

 

 

60,076

 

 

 

59,908

 

 

 

61,517

 

Dilutive effect of stock options; restricted and performance stock units

 

 

2,008

 

 

 

1,574

 

 

 

1,737

 

Diluted shares outstanding

 

 

62,084

 

 

 

61,482

 

 

 

63,254

 

Income per common share:

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

6.21

 

 

$

3.88

 

 

$

2.79

 

Diluted earnings per share

 

$

6.01

 

 

$

3.78

 

 

$

2.71

 

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,

 

 

 

2024

 

 

2023

 

 

2022

 

Options

 

 

63

 

 

 

561

 

 

 

1,019

 

Weighted-average option price

 

$

135.26

 

 

$

114.88

 

 

$

110.71

 

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,

 

 

 

2024

 

 

2023

 

 

2022

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

51

 

 

 

88

 

 

 

151