Earnings Per Common Share

9 Months Ended

Jun. 30, 2013

Earnings Per Common Share

8. Earnings Per Common Share

In October 2012, the Company implemented a 2-for-1 split of its common stock effected in the legal form of a stock dividend. All share and per-share disclosures for periods prior to October 2012 have been adjusted to give effect to the stock split.

The following table summarizes the calculation of net earnings and weighted average common shares and common equivalent shares outstanding for purposes of the computation of earnings per share (in thousands, except share and per share data):

	Three Months Ended						Nine Months Ended
	June30,2013		June30,2012			June30,2013			June30,2012
Net earnings available to common stockholders	$	16,991		$	10,736		$	55,873		$	30,851
Weighted average number of common share equivalents:
Common shares used in basic earnings per share		12,911,316			12,748,166			12,873,677			12,726,252
Common share equivalents outstanding related to stock options		71,006			134,282			69,428			126,118
Total weighted average common shares and common share equivalents used in diluted earnings per share		12,982,322			12,882,448			12,943,105			12,852,370
Basic earnings per common share	$	1.32		$	0.84		$	4.34		$	2.42
Diluted earnings per common share	$	1.31		$	0.83		$	4.32		$	2.40

There were no stock options excluded from the computation of weighted average shares outstanding due to antidilution.