Earnings per Share

6 Months Ended

Mar. 31, 2022

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, 2022 and 2021: 

	Quarter Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net income	$	104,383	$	68,674	$	189,342	$	155,166
Denominator — share:
Basic weighted-average shares	26,145		29,087		26,662		29,107
Effect of dilutive securities	276		444		316		553
Diluted weighted-average shares	26,421		29,531		26,978		29,660
Earnings per share:
Basic	$	3.99	$	2.36	$	7.10	$	5.33
Diluted	$	3.95	$	2.33	$	7.02	$	5.23

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