EARNINGS PER SHARE (Tables)

9 Months Ended

Jun. 30, 2024

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:


	Three Months Ended				Nine Months Ended
	June 30,				June 30,
(Thousands, except per share amounts)	2024		2023		2024		2023
Net (loss) income, as reported	$	(11,574)	$	1,532	$	198,649	$	227,700
Basic (loss) earnings per share
Weighted average shares of common stock outstanding-basic	98,983		97,168		98,409		96,849
Basic (loss) earnings per common share	$(0.12)		$0.02		$2.02		$2.35
Diluted (loss) earnings per share
Weighted average shares of common stock outstanding-basic	98,983		97,168		98,409		96,849
Incremental shares (1)	—		718		804		689
Weighted average shares of common stock outstanding-diluted	98,983		97,886		99,213		97,538
Diluted (loss) earnings per common share (2)	$(0.12)		$0.02		$2.00		$2.33

(1)Incremental shares consist primarily of unvested stock awards and performance units, which are calculated using the treasury stock method.

(2)Since there was a net loss for the three months ended June 30, 2024, incremental shares of 834,131 were not included in the computation of diluted loss per common share, as their effect would have been antidilutive. There were no anti-dilutive shares excluded during the three and nine months ended June 30, 2023 and during the nine months ended June 30, 2024.