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Net Income Per Share
 12 Months Ended
Sep. 30, 2024
Net Income Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. The Company’s nonvested restricted stock units do not have nonforfeitable rights to dividends or dividend equivalents and are not considered participating securities that should be included in the computation of earnings per share under the two-class method.
The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data):
 
 Years Ended September 30,
 202420232022
Numerator
Net income$566,778 $394,948 $322,160 
Denominator
Weighted average shares outstanding — basic58,720 59,909 60,274 
Dilutive effect of common shares from stock options and restricted stock units
639 361 823 
Weighted average shares outstanding — diluted59,359 60,270 61,097 
Basic net income per share$9.65 $6.59 $5.34 
Diluted net income per share$9.55 $6.55 $5.27 
Anti-dilutive stock-based awards excluded from the calculations of diluted earnings per share were not material for the years ended September 30, 2024, 2023 and 2022.