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Earnings Per Share
3 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
2. EARNINGS PER SHARE
Shares acquired by the ESOP are not considered in the basic average shares outstanding until the shares are committed for allocation or vested to an employee's individual account. Unvested shares awarded pursuant to the Company's restricted stock benefit plans are treated as participating securities in the computation of EPS pursuant to the two-class method as they contain nonforfeitable rights to dividends. The two-class method is an earnings allocation that determines EPS for each class of common stock and participating security.
 
For the Three Months Ended
 
December 31,
 
2016
 
2015
 
(Dollars in thousands, except per share amounts)
Net income
$
20,578

 
$
20,718

Income allocated to participating securities
(13
)
 
(27
)
Net income available to common stockholders
$
20,565

 
$
20,691

 
 
 
 
Average common shares outstanding
133,696,125

 
132,821,834

Average committed ESOP shares outstanding
449

 
449

Total basic average common shares outstanding
133,696,574

 
132,822,283

 
 
 
 
Effect of dilutive stock options
253,222

 
88,873

 
 
 
 
Total diluted average common shares outstanding
133,949,796

 
132,911,156

 
 
 
 
Net EPS:
 
 
 
Basic
$
0.15

 
$
0.16

Diluted
$
0.15

 
$
0.16

 
 
 
 
Antidilutive stock options, excluded from the diluted average
 
 
common shares outstanding calculation
236,400

 
872,039