EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE:

The information used to compute earnings (loss) per share attributable to Matthews' common shareholders was as follows:

	2023		2022		2021
Net income (loss) attributable to Matthews shareholders	$	39,291	$	(99,774)	$	2,910
Weighted-average shares outstanding (in thousands):
Basic shares	30,795		31,367		31,696
Effect of dilutive securities	494		—		291
Diluted shares	31,289		31,367		31,987
Dividends declared per common share	$	0.92	$	0.88	$	0.86

Anti-dilutive securities excluded from the dilutive calculation were insignificant for the fiscal years ended September 30, 2023 and 2021. During periods in which the Company incurs a net loss, diluted weighted-average shares outstanding are equal to basic weighted-average shares outstanding because the effect of all equity awards is anti-dilutive.