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EARNINGS PER SHARE | 9 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 8. EARNINGS PER SHARE The following table presents the calculation of the Company's basic and diluted earnings per share for:
| Three Months Ended | Nine Months Ended
| June 30, | June 30,
(Thousands, except per share amounts) | 2020 | 2019 | 2020 | 2019
Net income, as reported | $ | (27,219 | ) | $ | (8,402 | ) | $ | 150,647 |  | $ | 151,419 |
Basic earnings per share |  |  |  |
Weighted average shares of common stock outstanding-basic | 95,764 |  | 89,600 |  | 94,420 |  | 88,995 |
Basic earnings per common share | $(0.28) | $(0.09) | $1.60 | $1.70
Diluted earnings per share |  |  |  |
Weighted average shares of common stock outstanding-basic | 95,764 |  | 89,600 |  | 94,420 |  | 88,995 |
Incremental shares (1) | — |  | — |  | 298 |  | 407 |
Weighted average shares of common stock outstanding-diluted | 95,764 |  | 89,600 |  | 94,718 |  | 89,402 |
Diluted earnings per common share (2) | $(0.28) | $(0.09) | $1.59 | $1.69
(1) | C onsist primarily of unvested stock awards and performance shares.
(2) There were anti-dilutive shares of 251,780 and 95,817 excluded from the calculation of diluted earnings per share related to the e quity forward sale agreement during the three and nine months ended June 30, 2020, respectively. Since t here was a net loss for the three months ended June 30, 2020 and 2019, incremental shares of 310,000 and 409,000, respectively, were not included in the computation of diluted loss per common share, as their effect would have been anti-dilutive. There were no anti-dilutive shares excluded from the calculation of diluted earnings per share during the nine months ended June 30, 2019.

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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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