Earnings Per Share (Table)

3 Months Ended

Dec. 31, 2019

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, 2019 and 2018 are calculated as follows:

	Three Months Ended December 31
	2019		2018
	(In thousands, except per share amounts)
Basic Earnings Per Share
Net income	$	178,673	$	157,646
Less: Income allocated to participating securities	136		135
Income available to common shareholders	$	178,537	$	157,511
Basic weighted average shares outstanding	121,113		113,800
Net income per share — Basic	$	1.47	$	1.38
Diluted Earnings Per Share
Income available to common shareholders	$	178,537	$	157,511
Effect of dilutive shares	—		—
Income available to common shareholders	$	178,537	$	157,511
Basic weighted average shares outstanding	121,113		113,800
Dilutive shares	246		32
Diluted weighted average shares outstanding	121,359		113,832
Net income per share - Diluted	$	1.47	$	1.38