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Supplementary Financial Data (Unaudited)
12 Months Ended
Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Financial Data (Unaudited) Supplementary Financial Data (Unaudited)
The following table presents selected unaudited consolidated financial results for each of the eight quarters in the two-year period ended September 30, 2020. In the opinion of management, this unaudited information has been prepared on the same basis as the audited information and includes all adjustments (consisting of only normal recurring adjustments, except as noted below) necessary for a fair statement of the consolidated financial information for the period presented.
 
 
Quarter Ended
 
September 30,
2020
 
June 30,
2020
 
March 31,
2020
 
December 31,
2019
 
(In thousands, except per share data)
Revenues
$
374,356

 
$
313,731

 
$
307,971

 
$
298,504

Cost of revenues (1)
93,676

 
88,569

 
88,139

 
90,758

Gross profit
280,680

 
225,162

 
219,832

 
207,746

Net income
$
59,126

 
$
64,076

 
$
58,288

 
$
54,921

Earnings per share (2):
 
 
 
 
 
 
 
Basic
$
2.04

 
$
2.21

 
$
2.00

 
$
1.89

Diluted
$
1.98

 
$
2.15

 
$
1.94

 
$
1.82

Shares used in computing earnings per share:
 
 
 
 
 
 
 
Basic
29,045

 
29,005

 
29,194

 
29,025

Diluted
29,833

 
29,744

 
29,985

 
30,169

 
 
Quarter Ended
 
September 30,
2019
 
June 30,
2019
 
March 31,
2019
 
December 31,
2018
 
(In thousands, except per share data)
Revenues
$
305,344

 
$
314,249

 
$
278,234

 
$
262,256

Cost of revenues (1)
87,996

 
87,215

 
85,568

 
76,066

Gross profit
217,348

 
227,034

 
192,666

 
186,190

Net income
$
54,584

 
$
64,152

 
$
33,381

 
$
40,007

Earnings per share (2):
 
 
 
 
 
 
 
Basic
$
1.89

 
$
2.21

 
$
1.15

 
$
1.38

Diluted
$
1.80

 
$
2.12

 
$
1.10

 
$
1.32

Shares used in computing earnings per share:
 
 
 
 
 
 
 
Basic
28,918

 
28,967

 
29,074

 
28,961

Diluted
30,290

 
30,292

 
30,259

 
30,336

 

(1)
Cost of revenues excludes amortization expense of $0.3 million, $0.4 million, $0.5 million, $0.6 million, $0.5 million, $0.5 million, $0.5 million and $0.5 million for the quarters ended September 30, 2020, June 30, 2020March 31, 2020December 31, 2019September 30, 2019June 30, 2019, March 31, 2019 and December 31, 2018, respectively.
(2)
Earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly per share amounts may not equal the totals for the respective years.