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Earnings per Share (EPS) and Common Stock | 9 Months Ended
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Jun. 30, 2025
Earnings Per Share And Common Stock [Abstract] |
Earnings per Share (EPS) and Common Stock | 4. Earnings per Share (EPS) and Common Stock EPS The following table presents the calculation for both basic and diluted EPS:
(in thousands, except per share data) |  | Three months ended |  |  | Nine months ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Net income |  | $ | 141,328 |  |  | $ | 68,978 |  |  | $ | 386,204 |  |  | $ | 249,810 |
Weighted-average shares outstanding—Basic |  |  | 119,913 |  |  |  | 119,893 |  |  |  | 120,106 |  |  |  | 119,533 |
Dilutive effect of restricted stock units |  |  | 548 |  |  |  | 929 |  |  |  | 709 |  |  |  | 1,060 |
Weighted-average shares outstanding—Diluted |  |  | 120,461 |  |  |  | 120,822 |  |  |  | 120,815 |  |  |  | 120,593 |
Earnings per share—Basic |  | $ | 1.18 |  |  | $ | 0.58 |  |  | $ | 3.22 |  |  | $ | 2.09 |
Earnings per share—Diluted |  | $ | 1.17 |  |  | $ | 0.57 |  |  | $ | 3.20 |  |  | $ | 2.07 |
There were 0.4 million and 0.0 million ant i-dilutive shares for the three and nine months ended June 30, 2025, respectively. There were 0.2 million and 0.1 million anti-dilutive shares for the three and nine months ended June 30, 2024, respectively. Common Stock Repurchases Our Articles of Organization authorize us to issue up to 500 million shares of our common stock. Our Board of Directors has authorized us to repurchase up to $2 billion of our common stock in the period October 1, 2024 through September 30, 2027. In the third quarter and first nine months of 2025, we repurchased 0.4 million shares for $75 million and 1.3 million shares for $225 million, respectively. We did no t repurchase any shares in the third quarter and first nine months of 2024. All shares of our common stock repurchased are automatically restored to the status of authorized and unissued.

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