Earnings per Share

3 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table presents reconciliations for the numerators and denominators of basic and diluted earnings per share (“EPS”) for the quarters ended December 31, 2019 and 2018: 

	Quarter Ended December 31,
	2019		2018
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net Income	$	54,921	$	40,007
Denominator - share:
Basic weighted-average shares	29,025		28,961
Effect of dilutive securities	1,144		1,375
Diluted weighted-average shares	30,169		30,336
Earnings per share:
Basic	$	1.89	$	1.38
Diluted	$	1.82	$	1.32

We exclude the options to purchase shares of common stock in the computation of the diluted EPS where the exercise price of the options exceeds the average market price of our common stock as their inclusion would be antidilutive. There were approximately 15,000 options excluded for the quarter ended December 31, 2019. There were no options excluded for the quarter ended December 31, 2018.