Earnings Per Share

9 Months Ended

Jun. 30, 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 nine months ended June 30, 2016 and 2015 are calculated as follows:



	Three Months Ended June 30				Nine Months Ended June 30
	2016		2015		2016		2015
	(In thousands, except per share amounts)
Basic and Diluted Earnings Per Share
Net income	$	71,193	$	56,281	$	315,864	$	291,560
Less: Income allocated to participating securities	108		111		496		596
Income available to common shareholders	$	71,085	$	56,170	$	315,368	$	290,964
Basic and diluted weighted average shares outstanding	103,750		102,000		103,137		101,776
Net income per share - Basic and Diluted	$	0.69	$	0.55	$	3.06	$	2.86