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Earnings Per Share | 9 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
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:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 84,599 |  |  | $ | 39,446 |  |  | $ | 149,716 |  |  | $ | 117,657 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic shares outstanding |  |  | 60,056 |  |  |  | 60,506 |  |  |  | 59,843 |  |  |  | 62,052 |
Dilutive effect of stock options and restricted stock |  |  | 1,535 |  |  |  | 1,582 |  |  |  | 1,407 |  |  |  | 1,885 |
Diluted shares outstanding |  |  | 61,591 |  |  |  | 62,088 |  |  |  | 61,250 |  |  |  | 63,937 |
Income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 1.41 |  |  | $ | 0.65 |  |  | $ | 2.50 |  |  | $ | 1.90 |
Diluted earnings per share |  | $ | 1.37 |  |  | $ | 0.64 |  |  | $ | 2.44 |  |  | $ | 1.84 |
The following stock option grants were outstanding but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Options |  |  | 564 |  |  |  | 1,048 |  |  |  | 1,554 |  |  |  | 479 |
Weighted-average option price |  | $ | 114.70 |  |  | $ | 110.49 |  |  | $ | 102.06 |  |  | $ | 117.45 |
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 June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Weighted-average treasury stock shares held for deferred compensation obligations |  |  | 62 |  |  |  | 140 |  |  |  | 96 |  |  |  | 154 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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