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Earnings Per Common Share
6 Months Ended
Mar. 31, 2012
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

5. 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      Six Months Ended  
      March 31, 2012      March 31, 2011      March 31, 2012      March 31, 2011  

Net earnings available to common stockholders

   $ 11,431       $ 8,702       $ 20,116       $ 16,915   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average number of common share equivalents:

           

Common shares used in basic earnings per share

     6,363,146         6,166,290         6,357,678         6,142,197   

Common share equivalents outstanding related to stock options

     67,244         130,964         62,102         122,984   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total weighted average common shares and common share equivalents used in diluted earnings per share

     6,430,390         6,297,254         6,419,780         6,265,181   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ 1.80       $ 1.41       $ 3.16       $ 2.75   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per common share

   $ 1.78       $ 1.38       $ 3.13       $ 2.70   
  

 

 

    

 

 

    

 

 

    

 

 

 

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