| EARNINGS PER SHARE Basic earnings per share is based on the average number of shares of common stock outstanding during the period. Diluted earnings per share is based on the average number of shares used for the basic earnings per share calculation, adjusted for the dilutive effect of stock options and restricted stock units using the “treasury stock” method and convertible senior notes using the “if converted” method. The following table sets forth the computation of basic and diluted earnings per share. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Nine Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net earnings for basic earnings per share | $ | 63.4 | | | $ | 108.8 | | | $ | 242.1 | | | $ | 284.7 | | | Impact of interest expense, net of tax, related to convertible senior notes | 2.7 | | | 2.7 | | | 8.1 | | | 8.1 | | Net earnings for diluted earnings per share | $ | 66.1 | | | $ | 111.5 | | | $ | 250.2 | | | $ | 292.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-average shares for basic earnings per share | 45.1 | | | 55.7 | | | 48.2 | | | 56.8 | | | Effect of dilutive securities: | | | | | | | | | Stock options | 0.1 | | | 0.1 | | | 0.1 | | | 0.1 | | | | | | | | | | | Restricted stock units | 0.2 | | | 0.4 | | | 0.2 | | | 0.5 | | | Market-based performance restricted stock units | 0.5 | | | 0.8 | | | 0.5 | | | 0.7 | | | Earnings-based performance restricted stock units | — | | | — | | | 0.1 | | | 0.1 | | | Shares issuable upon conversion of convertible senior notes | 5.4 | | | 5.4 | | | 5.4 | | | 5.4 | | | | | | | | | | | Total dilutive securities | 6.2 | | | 6.7 | | | 6.3 | | | 6.8 | | Weighted-average shares for diluted earnings per share | 51.3 | | | 62.4 | | | 54.5 | | | 63.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Earnings per Common Share: | | | | | | | | | Basic | $ | 1.41 | | | $ | 1.95 | | | $ | 5.02 | | | $ | 5.01 | | | Diluted | $ | 1.29 | | | $ | 1.79 | | | $ | 4.59 | | | $ | 4.60 | |
The following table presents the securities that have been excluded from the calculation of weighted-average shares for diluted earnings per share as they were anti-dilutive. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Nine Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | Restricted stock units | — | | | — | | | — | | | 0.1 | | | Market-based performance restricted stock units | 0.1 | | | — | | | 0.1 | | | — | | | | | | | | | | | | | | | | | |
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