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Earnings per Share (Tables)
6 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Common Shares Outstanding for Purposes of Calculating Basic and Diluted Earnings Per Share

The calculations of basic and diluted net income per share and basic and diluted weighted average shares outstanding are as follows for the three and six months ended March 31, 2018 and 2017 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

March 31, 

 

March 31, 

 

 

    

2018

    

2017

    

2018

    

2017

    

Net income

 

$

67,020

 

$

14,005

 

$

83,506

 

$

27,876

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding used in computing basic earnings per share

 

 

70,220

 

 

69,600

 

 

70,340

 

 

69,388

 

Dilutive common stock options and restricted stock units

 

 

393

 

 

549

 

 

568

 

 

685

 

Weighted average common shares outstanding used in computing diluted earnings per share

 

 

70,613

 

 

70,149

 

 

70,908

 

 

70,073

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.95

 

$

0.20

 

$

1.19

 

$

0.40

 

Diluted net income per share

 

$

0.95

 

$

0.20

 

$

1.18

 

$

0.40