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EARNINGS PER SHARE (Tables)
12 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted
The following table presents the calculation of the Company’s basic and diluted earnings per share for the fiscal years ended September 30:
(Thousands, except per share amounts)202220212020
Net income, as reported$274,922 $117,890 $163,007 
Basic earnings per share
Weighted average shares of common stock outstanding-basic96,100 96,227 94,798 
Basic earnings per common share$2.86$1.23$1.72
Diluted earnings per share
Weighted average shares of common stock outstanding-basic96,100 96,227 94,798 
Incremental shares (1)
388 333 305 
Weighted average shares of common stock outstanding-diluted96,488 96,560 95,103 
Diluted earnings per common share (2)
$2.85$1.22$1.71
(1)Incremental shares consist primarily of unvested stock awards and performance units.
(2)There were anti-dilutive shares of 74,000 excluded from the calculation of diluted earnings per share related to the equity forward sale agreement for fiscal 2020. There were no anti-dilutive shares excluded from the calculation of diluted earnings per share for fiscal 2022 and 2021