XML 46 R31.htm IDEA: XBRL DOCUMENT v3.24.1.u1

EARNINGS (LOSSES) PER COMMON SHARE (Tables)

6 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

			Three Months Ended March 31,												Six Months Ended March 31,
(in thousands, except per share amounts)			2024						2023						2024						2023
Numerator:
Net income			$	84,831					$	164,040					$	180,004					261,185
Adjustment for basic earnings per share
Earnings allocated to unvested shareholders			(1,242)						(2,237)						(2,489)						(3,511)
Numerator for basic earnings per share			83,589						161,803						177,515						257,674
Adjustment for diluted earnings per share
Effect of reallocating undistributed earnings of unvested shareholders			2						6						3						6
Numerator for diluted earnings per share			$	83,591					$	161,809					$	177,518					$	257,680
Denominator:
Denominator for basic earnings per share - weighted-average shares			98,774						103,968						98,960						104,615
Effect of dilutive shares from restricted stock and performance share units			272						395						256						388
Denominator for diluted earnings per share - adjusted weighted-average shares			99,046						104,363						99,216						105,003
Basic earnings per common share:			$	0.85					$	1.55					$	1.79					$	2.46
Diluted earnings per common share:			$	0.84					$	1.55					$	1.79					$	2.46

Schedule of Anti-Dilutive Shares Excluded from the Calculation of Diluted Earnings Per Share

The following potentially dilutive average shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:

			Three Months Ended March 31,												Six Months Ended March 31,
(in thousands, except per share amounts)			2024						2023						2024						2023
Potentially dilutive shares excluded as anti-dilutive			2,684						2,426						2,388						2,516
Weighted-average price per share			$	57.93					$	62.03					$	60.63					$	61.74

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration