Earnings per Share

9 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

Basic earnings per share is based on the weighted-average number of common shares outstanding during the period. Diluted net earnings per share is based on the number of shares used for the basic earnings per share calculation, adjusted for the dilutive effect of share options, restricted share equivalent (“RSE”) and performance restricted share equivalent (“PRSE”) awards.

The following is the reconciliation between the number of weighted-average shares used in the basic and diluted net earnings per share calculation:    

	Three Months Ended June 30,		Nine Months Ended June 30,
	2024	2023	2024	2023
Basic weighted-average shares outstanding	49.5	51.1	49.8	51.3
Effect of dilutive securities:
Options, RSE and PRSE awards	0.6	0.7	0.5	0.6
Total dilutive securities	0.6	0.7	0.5	0.6
Diluted weighted-average shares outstanding	50.1	51.8	50.3	51.9

The following weighted-average common shares were excluded from the calculation of diluted net earnings per share because the effect of including these awards was antidilutive.

	Three Months Ended June 30,		Nine Months Ended June 30,
	2024	2023	2024	2023
Options, RSE and PRSE awards	1.1	0.8	1.1	1.0