Earnings Per Share (Table)

3 Months Ended

Dec. 31, 2020

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, 2020 and 2019 are calculated as follows:

	Three Months Ended December 31
	2020		2019
	(In thousands, except per share amounts)
Basic Earnings Per Share
Net income	$	217,678	$	178,673
Less: Income allocated to participating securities	151		136
Income available to common shareholders	$	217,527	$	178,537
Basic weighted average shares outstanding	127,034		121,113
Net income per share — Basic	$	1.71	$	1.47
Diluted Earnings Per Share
Income available to common shareholders	$	217,527	$	178,537
Effect of dilutive shares	—		—
Income available to common shareholders	$	217,527	$	178,537
Basic weighted average shares outstanding	127,034		121,113
Dilutive shares	—		246
Diluted weighted average shares outstanding	127,034		121,359
Net income per share - Diluted	$	1.71	$	1.47