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Earnings per Share | 6 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share The following table presents reconciliations for the numerators and denominators of basic and diluted earnings per share (“EPS”) for the quarters and six-month periods ended March 31, 2020 and 2019:
| Quarter Ended March 31, |  | Six Months Ended March 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (In thousands, except per share data)
Numerator for diluted and basic earnings per share: |  |  |  |  |  |  |
Net Income | $ | 58,288 |  |  | $ | 33,381 |  |  | $ | 113,209 |  |  | $ | 73,388 |
Denominator - share: |  |  |  |  |  |  |
Basic weighted-average shares | 29,194 |  |  | 29,074 |  |  | 29,109 |  |  | 29,017 |
Effect of dilutive securities | 791 |  |  | 1,185 |  |  | 967 |  |  | 1,280 |
Diluted weighted-average shares | 29,985 |  |  | 30,259 |  |  | 30,076 |  |  | 30,297 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 2.00 |  |  | $ | 1.15 |  |  | $ | 3.89 |  |  | $ | 2.53 |
Diluted | $ | 1.94 |  |  | $ | 1.10 |  |  | $ | 3.76 |  |  | $ | 2.42 |
We exclude the options to purchase shares of common stock in the computation of the diluted EPS where the exercise price of the options exceeds the average market price of our common stock as their inclusion would be antidilutive. There were approximately 13,000 and 15,000 options excluded for the quarter ended March 31, 2020 and 2019, respectively. There were approximately 14,000 and 7,000 options excluded for the six months ended March 31, 2020 and 2019, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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