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Earnings Per Share | 9 Months Ended
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Jun. 30, 2018
Earnings Per Share |
Earnings Per Share | Note 3. Earnings per share Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted earnings per share reflects the weighted-average number of shares outstanding after consideration of the dilutive effect of stock options and restricted stock. The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three-Months Ended |  | Nine-Months Ended
﻿ |  | June 30, |  | June 30,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Numerator: |  |  |  |  |  |  |  |  |  |  |  |
﻿Net earnings |  | $ | 49,117 |  | $ | 53,626 |  | $ | 105,866 |  | $ | 138,279
﻿Denominator: |  |  |  |  |  |  |  |  |  |  |  |
﻿Basic shares outstanding |  |  | 61,608 |  |  | 61,288 |  |  | 61,417 |  |  | 61,387
﻿Dilutive effect of stock options and restricted stock |  |  | 2,273 |  |  | 2,104 |  |  | 2,365 |  |  | 2,133
﻿Diluted shares outstanding |  |  | 63,881 |  |  | 63,392 |  |  | 63,782 |  |  | 63,520
﻿Income per common share: |  |  |  |  |  |  |  |  |  |  |  |
﻿Basic earnings per share |  | $ | 0.80 |  | $ | 0.87 |  | $ | 1.72 |  | $ | 2.25
﻿Diluted earnings per share |  | $ | 0.77 |  | $ | 0.85 |  | $ | 1.66 |  | $ | 2.18
The following stock option grants were outstanding during the three and nine-months ended June 30, 2018 and 2017, but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three-Months Ended |  | Nine-Months Ended
﻿ |  | June 30, |  | June 30,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Options |  |  | 764 |  |  | 780 |  |  | 760 |  |  | 66
﻿Weighted-average option price |  | $ | 78.70 |  | $ | 62.64 |  | $ | 78.73 |  | $ | 62.98
The weighted-average shares of common stock outstanding for basic and diluted earnings per share included the weighted-average treasury stock shares held for deferred compensation obligations of the following:
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three-Months Ended |  | Nine-Months Ended
﻿ |  | June 30, |  | June 30,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Weighted-average treasury stock shares held for deferred compensation obligations |  |  | 201 |  |  | 186 |  |  | 197 |  |  | 178
﻿

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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