Earnings Per Share

12 Months Ended

Sep. 30, 2024

Basic income per share is calculated by dividing net income by the weighted-average number of shares outstanding during the period. Diluted income per share adjusts the basic income per share for the effects of any potentially dilutive securities in periods in which the Company has net income and such effects are dilutive under the treasury stock method.

Following is a summary of the components of basic and diluted income per share for the periods presented:


	Fiscal Year Ended September 30,
in thousands (except per share data)	2024		2023		2022
Numerator:
Income from continuing operations	$	140,175	$	158,688	$	220,718
Loss from discontinued operations, net of tax	—		(77)		(14)
Net income	$	140,175	$	158,611	$	220,704

Denominator:
Basic weighted-average shares	30,548		30,353		30,432
Dilutive effect of restricted stock awards	397		388		357
Dilutive effect of stock options	8		6		7


Diluted weighted-average shares(a)	30,953		30,747		30,796

Basic income per share:
Continuing operations	$	4.59	$	5.23	$	7.25
Discontinued operations	—		—		—
Total	$	4.59	$	5.23	$	7.25

Diluted income per share:
Continuing operations	$	4.53	$	5.16	$	7.17
Discontinued operations	—		—		—
Total	$	4.53	$	5.16	$	7.17

(a) The following potentially dilutive shares were excluded from the calculation of diluted income per share as a result of their anti-dilutive effect.


	Fiscal Year Ended September 30,
in thousands	2024	2023	2022
Stock options	—	11	22
Time-based restricted stock	2	—	—