Earnings Per Share

12 Months Ended

Sep. 30, 2022

Note 20 — Earnings Per Share

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


	Year Ended September 30,
	2022			2021			2020
Numerator:
Net income	$	549,501		$	688,374		$	497,840
Net income and dividends attributable to participating restricted stock		(7,880	)		(7,052	)		(3,663	)

Numerator for basic earnings per common share	$	541,621		$	681,322		$	494,177

Undistributed income allocated to participating restricted stock		5,159			5,199			2,417
Undistributed income reallocated to participating restricted stock		(5,124	)		(5,167	)		(2,406	)

Numerator for diluted earnings per common share	$	541,656		$	681,354		$	494,188

Denominator:
Weighted average number of shares outstanding — basic		122,812			128,495			133,590
Weighted average number of participating restricted stock		(1,761	)		(1,316	)		(983	)

Weighted average number of common shares — basic		121,051			127,179			132,607

Effect of dilutive stock options and restricted stock units granted		838			789			642

Weighted average number of common shares — diluted		121,889			127,968			133,249

Basic earnings per common share	$	4.47		$	5.36		$	3.73

Diluted earnings per common share	$	4.44		$	5.32		$	3.71

For the

fiscal years ended September 30, 2022, 2021 and 2020, 42,

858 and 2,634

shares, respectively, on a weighted average basis, were attributable to antidilutive outstanding stock options and restricted stock units. Shares attributable to antidilutive outstanding stock options and restricted stock units were not included in the calculation of diluted earnings per share.