XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.25.2

EARNINGS PER COMMON SHARE ("EPS") | 12 Months Ended
--- | ---
Sep. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE ("EPS") | EARNINGS PER COMMON SHARE ("EPS") The Company has granted restricted share awards with dividend rights that are considered to be participating securities. Accordingly, a portion of the Company’s earnings is allocated to those participating securities in the earnings per share calculation under the two-class method. Basic EPS is computed using the two-class method by dividing income available to common stockholders after the allocation of dividends and undistributed earnings to the participating securities by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated using the more dilutive of the two-class method or the treasury stock method. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, and is computed after giving consideration to the weighted average dilutive effect upon vesting of performance share units ("PSUs") and restricted stock grants, the exercise of stock options, if any, and after the allocation of earnings to the participating securities. Antidilutive securities are disregarded in earnings per share calculations. Diluted EPS shown below reflects the two-class method, as diluted EPS under the two-class method was more dilutive than under the treasury stock method. A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
| Fiscal Year Ended September 30,
| 2024 |  | 2023 |  | 2022
(Dollars in thousands, except per share data) | (As Restated) |  | (As Restated) |  | (As Restated)
Basic income per common share: |  |  |  |  |
Net income attributable to Pathward Financial, Inc. | $ | 183,219 |  |  | $ | 143,266 |  |  | $ | 151,134 |
Dividends and undistributed earnings allocated to participating securities | (1,678) |  |  | (2,148) |  |  | (2,479) |
Basic net earnings available to common stockholders | 181,541 |  |  | 141,118 |  |  | 148,655 |
Undistributed earnings allocated to nonvested restricted stockholders | 1,631 |  |  | 2,067 |  |  | 2,382 |
Reallocation of undistributed earnings to nonvested restricted stockholders | (1,629) |  |  | (2,060) |  |  | (2,381) |
Diluted net earnings available to common stockholders | $ | 181,543 |  |  | $ | 141,125 |  |  | $ | 148,656 |
Total weighted-average basic common shares outstanding | 25,169,937 |  |  | 26,833,079 |  |  | 29,227,071 |
Effect of dilutive securities(1) |  |  |  |  |
Performance share units | 31,813 |  |  | 92,527 |  |  | 5,176 |
Total effect of dilutive securities | 31,813 |  |  | 92,527 |  |  | 5,176 |
Total weighted-average diluted common shares outstanding | 25,201,750 |  |  | 26,925,606 |  |  | 29,232,247 |
Net earnings per common share: |  |  |  |  |
Basic earnings per common share | $ | 7.21 |  |  | $ | 5.26 |  |  | $ | 5.09 |
Diluted earnings per common share(2) | $ | 7.20 |  |  | $ | 5.24 |  |  | $ | 5.09 |
(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 fiscal years ended September 30, 2024, 2023, and 2022, respectively, were 232,601, 408,477, and 487,476 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration