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Earnings Per Share | 9 Months Ended
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Jun. 30, 2019
Earnings Per Share |
Earnings Per Share | Note 4. 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 for the three and nine-months ended June 30, 2019 and 2018:
|  | Three-Months Ended |  | Nine-Months Ended
|  | June 30, |  | June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 66,107 |  | $ | 49,117 |  | $ | 192,806 |  | $ | 105,866
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic shares outstanding |  |  | 61,941 |  |  | 61,608 |  |  | 61,977 |  |  | 61,417
Dilutive effect of stock options and restricted stock units |  |  | 2,692 |  |  | 2,273 |  |  | 2,460 |  |  | 2,365
Diluted shares outstanding |  |  | 64,633 |  |  | 63,881 |  |  | 64,437 |  |  | 63,782
Income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 1.07 |  | $ | 0.80 |  | $ | 3.11 |  | $ | 1.72
Diluted earnings per share |  | $ | 1.02 |  | $ | 0.77 |  | $ | 2.99 |  | $ | 1.66
The following stock option grants were outstanding during the three and nine-months ended June 30, 2019 and 2018, 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,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Options |  |  | 39 |  |  | 764 |  |  | 19 |  |  | 760
Weighted-average option price |  | $ | 97.13 |  | $ | 78.70 |  | $ | 97.13 |  | $ | 78.73
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,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Weighted-average treasury stock shares held for deferred compensation obligations |  |  | 208 |  |  | 201 |  |  | 207 |  |  | 197

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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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