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EARNINGS PER COMMON SHARE ("EPS") (Tables)
 3 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended
December 31,
(Dollars in Thousands, Except Share and Per Share Data)20202019
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$28,037 $21,068 
Dividends and undistributed earnings allocated to participating securities(554)(460)
Basic net earnings available to common stockholders27,483 20,608 
Undistributed earnings allocated to nonvested restricted stockholders521 420 
Reallocation of undistributed earnings to nonvested restricted stockholders(521)(420)
Diluted net earnings available to common stockholders$27,483 $20,608 
Total weighted-average basic common shares outstanding32,782,285 36,613,699 
Effect of dilutive securities(1)
Stock options— 34,090 
Performance share units8,610 — 
Total effect of dilutive securities8,610 34,090 
Total weighted-average diluted common shares outstanding32,790,895 36,647,789 
Net earnings per common share:
Basic earnings per common share$0.84 $0.56 
Diluted earnings per common share(2)
$0.84 $0.56 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended December 31, 2020 and 2019, respectively, were 660,659 and 818,089 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.