EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

5. EARNINGS PER SHARE

Basic earnings per share available to common shareholders is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding for each period. Diluted earnings per share available to common shareholders is calculated by dividing net income available to common shareholders by the sum of the weighted average number of common shares outstanding and the weighted average dilutive equity awards.

	For the three months ended December
	2022				2021
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		581,612		581,612		563,546		563,546
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		8,269		—		15,418
Weighted average number of shares outstanding		581,612		589,881		563,546		578,964
Net income available to common shareholders	$	2,629,001	$	2,629,001	$	3,001,055	$	3,001,055
Net earnings per share available to common shareholders	$	4.52	$	4.46	$	5.33	$	5.18

(1) Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.