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Earnings Per Share | 6 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share We compute basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common share include the weighted average of additional shares associated with the incremental effect of dilutive restricted stock and restricted stock units. The following table reconciles basic and diluted weighted average shares used in the computation of earnings per share (in thousands, except per share data):
| Three months ended March 31, |  | Six months ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net income | $ | 46,330 |  |  | $ | 33,488 |  |  | $ | 81,093 |  |  | $ | 57,573 |
Denominator: |  |  |  |  |  |  |
Weighted average basic shares | 12,069 |  |  | 11,992 |  |  | 12,053 |  |  | 11,966 |
Dilutive effect of restricted stock and restricted stock units | 105 |  |  | 199 |  |  | 110 |  |  | 201 |
Weighted average diluted shares | 12,174 |  |  | 12,191 |  |  | 12,163 |  |  | 12,167 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 3.84 |  |  | $ | 2.79 |  |  | $ | 6.73 |  |  | $ | 4.81 |
Diluted | $ | 3.81 |  |  | $ | 2.75 |  |  | $ | 6.67 |  |  | $ | 4.73 |

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