Earnings Per Share (Table)

3 Months Ended

Dec. 31, 2017

Basic and diluted earnings per share for the three months ended December 31, 2017 and 2016 are calculated as follows:



	Three Months Ended December 31
	2017		2016
	(In thousands, except per share amounts)
Basic and Diluted Earnings Per Share from continuing operations
Income from continuing operations	$	314,132	$	114,038
Less: Income from continuing operations allocated to participating securities	328		153
Income from continuing operations available to common shareholders	$	313,804	$	113,885
Basic and diluted weighted average shares outstanding	108,564		105,284
Income from continuing operations per share — Basic and Diluted	$	2.89	$	1.08

Basic and Diluted Earnings Per Share from discontinued operations
Income from discontinued operations	$	—	$	10,994
Less: Income from discontinued operations allocated to participating securities	—		14
Income from discontinued operations available to common shareholders	$	—	$	10,980
Basic and diluted weighted average shares outstanding	108,564		105,284
Income from discontinued operations per share — Basic and Diluted	$	—	$	0.11
Net income per share — Basic and Diluted	$	2.89	$	1.19