Earnings Per Share

6 Months Ended

Mar. 31, 2016

We use the two-class method of computing earnings per share because we have participating securities in the form of non-vested restricted stock units with a nonforfeitable right to dividend equivalents, for which vesting is predicated solely on the passage of time. The calculation of earnings per share using the two-class method excludes income attributable to these participating securities from the numerator and excludes the dilutive impact of those shares from the denominator. Basic and diluted earnings per share for the three and six months ended March 31, 2016 and 2015 are calculated as follows:



	Three Months Ended March 31				Six Months Ended March 31
	2016		2015		2016		2015
	(In thousands, except per share amounts)
Basic and Diluted Earnings Per Share
Net income	$	141,810	$	137,684	$	244,671	$	235,279
Less: Income allocated to participating securities	231		296		405		520
Income available to common shareholders	$	141,579	$	137,388	$	244,266	$	234,759
Basic and diluted weighted average shares outstanding	102,946		101,746		102,837		101,667
Net income per share - Basic and Diluted	$	1.38	$	1.35	$	2.38	$	2.31