Earnings Per Common Share

9 Months Ended

Jun. 30, 2011

Earnings Per Common Share

Earnings Per Common Share

2. Earnings Per Common Share

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
	June 30, 2011		June 30, 2010		June 30, 2011		June 30, 2010
Net earnings available to common stockholders	$	9,207	$	5,077	$	26,122	$	8,986
Weighted average number of common share equivalents:
Common shares used in basic earnings per share		6,257,336		6,032,373		6,180,576		6,024,589
Common share equivalents outstanding related to stock options		117,820		208,039		113,228		192,234
Total weighted average common shares and common share equivalents used in diluted earnings per share		6,375,156		6,240,412		6,293,804		6,216,823
Basic earnings per common share	$	1.47	$	0.84	$	4.23	$	1.49
Diluted earnings per common share	$	1.44	$	0.81	$	4.15	$	1.45

Options totaling zero and 20,000 shares of common stock for the three and nine months ended June 30, 2011 and 2010, respectively, were excluded from the computation of weighted average shares because the impact of considering these options was antidilutive.