Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 2022

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,
	2022		2021		2022		2021
Numerator:
Net earnings	$	39,446	$	48,861	$	117,657	$	158,744
Denominator:
Basic shares outstanding		60,506		63,559		62,052		63,215
Dilutive effect of stock options and restricted stock		1,582		2,351		1,885		2,284
Diluted shares outstanding		62,088		65,910		63,937		65,499
Income per common share:
Basic earnings per share	$	0.65	$	0.77	$	1.90	$	2.51
Diluted earnings per share	$	0.64	$	0.74	$	1.84	$	2.42

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,
	2022		2021		2022		2021
Options		1,048		34		479		49
Weighted-average option price	$	110.49	$	123.23	$	117.45	$	114.00

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,
	2022		2021		2022		2021
Weighted-average treasury stock shares held for deferred compensation obligations		140		182		154		191