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Earnings Per Share (Tables)
3 Months Ended
Dec. 31, 2020
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,

 

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

Net earnings

 

$

41,570

 

 

$

53,373

 

Denominator:

 

 

 

 

 

 

 

 

Basic shares outstanding

 

 

62,812

 

 

 

61,991

 

Dilutive effect of stock options and restricted stock

 

 

2,080

 

 

 

2,682

 

Diluted shares outstanding

 

 

64,892

 

 

 

64,673

 

Income per common share:

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.66

 

 

$

0.86

 

Diluted earnings per share

 

$

0.64

 

 

$

0.83

 

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,

 

 

 

2020

 

 

2019

 

Options

 

 

587

 

 

 

653

 

Weighted-average option price

 

$

104.99

 

 

$

104.40

 

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,

 

 

 

2020

 

 

2019

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

200

 

 

 

213