Earnings Per Share (Table)

3 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings per share for the three months ended December 31, 2018 and 2017 are calculated as follows:

	Three Months Ended   December 31
	2018		2017
	(In thousands, except per share amounts)
Basic Earnings Per Share
Net income	$	157,646	$	314,132
Less: Income allocated to participating securities	135		328
Income available to common shareholders	$	157,511	$	313,804
Basic weighted average shares outstanding	113,800		108,564
Net income per share — Basic	$	1.38	$	2.89
Diluted Earnings Per Share
Income available to common shareholders	$	157,511	$	313,804
Effect of dilutive shares	—		—
Income available to common shareholders	$	157,511	$	313,804
Basic weighted average shares outstanding	113,800		108,564
Dilutive shares (1)	32		—
Diluted weighted average shares outstanding	113,832		108,564
Net income per share - Diluted	$	1.38	$	2.89

(1) Dilutive shares were the result of the forward sale agreements entered into during fiscal 2019. See Note 7 for further discussion.