EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

8. EARNINGS PER SHARE

The following table presents the calculation of the Company's basic and diluted earnings per share for:

	Three Months Ended
	December 31,
(Thousands, except per share amounts)	2021		2020
Net income, as reported	$	111,312	$	81,045
Basic earnings per share
Weighted average shares of common stock outstanding-basic	95,944		96,114
Basic earnings per common share	$1.16		$0.84
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	95,944		96,114
Incremental shares (1)	412		301
Weighted average shares of common stock outstanding-diluted	96,356		96,415
Diluted earnings per common share (2)(3)	$1.16		$0.84

(1)Incremental shares consist primarily of unvested stock awards and performance shares.

(2)There were anti-dilutive shares of 32,317 excluded from the calculation of diluted earnings per share related to an equity forward sale agreement during the three months ended December 31, 2020.