Earnings per Share

6 Months Ended

Mar. 31, 2021

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 and six-month periods ended March 31, 2021 and 2020: 

	Quarter Ended March 31,				Six Months Ended March 31,
	2021		2020		2021		2020
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net income	$	68,674	$	58,288	$	155,166	$	113,209
Denominator - share:
Basic weighted-average shares	29,087		29,194		29,107		29,109
Effect of dilutive securities	444		791		553		967
Diluted weighted-average shares	29,531		29,985		29,660		30,076
Earnings per share:
Basic	$	2.36	$	2.00	$	5.33	$	3.89
Diluted	$	2.33	$	1.94	$	5.23	$	3.76

Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.