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Earnings Per Share (Tables)
9 Months Ended
Jun. 30, 2021
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

June 30,

 

 

Nine-Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

48,861

 

 

$

38,465

 

 

$

158,744

 

 

$

183,156

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares outstanding

 

 

63,559

 

 

 

62,309

 

 

 

63,215

 

 

 

62,188

 

Dilutive effect of stock options and restricted stock

 

 

2,351

 

 

 

1,118

 

 

 

2,284

 

 

 

2,085

 

Diluted shares outstanding

 

 

65,910

 

 

 

63,427

 

 

 

65,499

 

 

 

64,273

 

Income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.77

 

 

$

0.62

 

 

$

2.51

 

 

$

2.95

 

Diluted earnings per share

 

$

0.74

 

 

$

0.61

 

 

$

2.42

 

 

$

2.85

 

 

 

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

June 30,

 

 

Nine-Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Options

 

 

34

 

 

 

2,357

 

 

 

49

 

 

 

670

 

Weighted-average option price

 

$

123.23

 

 

$

83.75

 

 

$

114.00

 

 

$

104.48

 

 

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

June 30,

 

 

Nine-Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Weighted-average treasury stock shares held for deferred compensation obligations

 

 

182

 

 

 

214

 

 

 

191

 

 

 

213