Earnings Per Share

3 Months Ended

Dec. 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 months ended December 31, 2016 and 2015 are calculated as follows:



	Three Months Ended December 31, 2015
	2016		2015
	(In thousands, except per share amounts)
Basic and Diluted Earnings Per Share from continuing operations
Income from continuing operations	$	114,038	$	101,546
Less: Income from continuing operations allocated to participating securities	153		170
Income from continuing operations available to common shareholders	$	113,885	$	101,376
Basic and diluted weighted average shares outstanding	105,284		102,713
Income from continuing operations per share — Basic and Diluted	$	1.08	$	0.99

Basic and Diluted Earnings Per Share from discontinued operations
Income from discontinued operations	$	10,994	$	1,315
Less: Income from discontinued operations allocated to participating securities	14		1
Income from discontinued operations available to common shareholders	$	10,980	$	1,314
Basic and diluted weighted average shares outstanding	105,284		102,713
Income from discontinued operations per share — Basic and Diluted	$	0.11	$	0.01
Net income per share — Basic and Diluted	$	1.19	$	1.00