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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

     Year Ended September 30,  
     2016      2015      2014  

Numerator:

        

Net income

   $ 409,331       $ 446,163       $ 422,122   

Less-net income and dividends attributable to participating restricted shares

     (3,592      (4,597      (4,837
  

 

 

    

 

 

    

 

 

 

Numerator for basic earnings per common share

   $ 405,739       $ 441,566       $ 417,285   
  

 

 

    

 

 

    

 

 

 

Add-undistributed income allocated to participating restricted shares

     2,604         3,539         3,753   

Less-undistributed income reallocated to participating restricted shares

     (2,569      (3,485      (3,698
  

 

 

    

 

 

    

 

 

 

Numerator for diluted earnings per common share

   $ 405,774       $ 441,620       $ 417,340   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Weighted average number of shares outstanding — basic

     149,168         154,423         159,012   

Less-weighted average number of participating restricted shares

     (1,309      (1,591      (1,822
  

 

 

    

 

 

    

 

 

 

Weighted average number of common shares — basic

     147,859         152,832         157,190   
  

 

 

    

 

 

    

 

 

 

Effect of assumed conversion of 0.5% convertible notes

     5         14         20   

Effect of dilutive stock options granted

     2,002         2,372         2,334   
  

 

 

    

 

 

    

 

 

 

Weighted average number of common shares — diluted

     149,866         155,218         159,544   
  

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ 2.74       $ 2.89       $ 2.65   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per common share

   $ 2.71       $ 2.85       $ 2.62