8. EARNINGS PER SHARE
The following table presents the calculation of the Company's basic and diluted earnings per share for: | | | | | | | | | | | | | | | | Three Months Ended | Six Months Ended | | March 31, | March 31, | | (Thousands, except per share amounts) | 2026 | 2025 | 2026 | 2025 | | Net income, as reported | $ | 218,912 | | $ | 204,287 | | $ | 341,402 | | $ | 335,606 | | | Basic earnings per share | | | | | | Weighted average shares of common stock outstanding-basic | 100,849 | | 100,291 | | 100,775 | | 100,073 | | | Basic earnings per common share | $2.17 | $2.04 | $3.39 | $3.35 | | Diluted earnings per common share | | | | | | Weighted average shares of common stock outstanding-basic | 100,849 | | 100,291 | | 100,775 | | 100,073 | | Incremental shares (1) | 633 | | 642 | | 613 | | 632 | | | Weighted average shares of common stock outstanding-diluted | 101,482 | | 100,933 | | 101,388 | | 100,705 | | | Diluted earnings per common share | $2.16 | $2.02 | $3.37 | $3.33 |
(1)Incremental shares consist primarily of unvested stock awards and performance units, which are calculated using the treasury stock method.
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