Earnings Per Share

12 Months Ended

Sep. 30, 2025

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)	2025		2024		2023
Numerator:
Income from continuing operations	$	45,588	$	140,175	$	158,688
Loss from discontinued operations, net of tax	—		—		(77)
Net income	$	45,588	$	140,175	$	158,611

Denominator:
Basic weighted-average shares	29,758		30,548		30,353
Dilutive effect of restricted stock awards	251		397		388
Dilutive effect of stock options	2		8		6


Diluted weighted-average shares(a)	30,011		30,953		30,747

Basic income per share:
Continuing operations	$	1.53	$	4.59	$	5.23
Discontinued operations	—		—		—
Total	$	1.53	$	4.59	$	5.23

Diluted income per share:
Continuing operations	$	1.52	$	4.53	$	5.16
Discontinued operations	—		—		—
Total	$	1.52	$	4.53	$	5.16

(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	2025	2024	2023
Stock options	1	—	11
Time-based restricted stock	110	2	—
Performance-based restricted stock	2	—	—