Earnings Per Share

12 Months Ended

Sep. 30, 2016

Since we have non-vested share-based payments with a nonforfeitable right to dividends or dividend equivalents (referred to as participating securities), we are required to use the two-class method of computing earnings per share. The Company’s non-vested restricted stock units, granted under the 1998 Long-Term Incentive Plan, for which vesting is predicated solely on the passage of time, are considered to be participating securities. 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 fiscal years ended September 30 are calculated as follows:



	2016		2015		2014
	(In thousands, except per share data)
Basic Earnings Per Share
Net Income	$	350,104	$	315,075	$	289,817
Less: Income allocated to participating securities	546		626		711
Net Income available to common shareholders	$	349,558	$	314,449	$	289,106
Basic weighted average shares outstanding	103,524		101,892		97,606
Net Income per share — Basic	$	3.38	$	3.09	$	2.96
Diluted Earnings Per Share
Net Income available to common shareholders	$	349,558	$	314,449	$	289,106
Effect of dilutive stock options and other shares	—		—		—
Net Income available to common shareholders	$	349,558	$	314,449	$	289,106
Basic weighted average shares outstanding	103,524		101,892		97,606
Additional dilutive stock options and other shares	—		—		2
Diluted weighted average shares outstanding	103,524		101,892		97,608
Net Income per share — Diluted	$	3.38	$	3.09	$	2.96