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Earnings Per Common Share
9 Months Ended
Jun. 30, 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     Nine Months Ended  
    June 30, 2012     June 30, 2011     June 30, 2012     June 30, 2011  

Net earnings available to common stockholders

  $ 10,736     $ 9,207     $ 30,851     $ 26,122  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common share equivalents:

                               

Common shares used in basic earnings per share

    6,374,083       6,257,336       6,363,126       6,180,576  

Common share equivalents outstanding related to stock options

    67,141       117,820       63,059       113,228  
   

 

 

   

 

 

   

 

 

   

 

 

 

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

    6,441,224       6,375,156       6,426,185       6,293,804  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share

  $ 1.68     $ 1.47     $ 4.85     $ 4.23  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share

  $ 1.67     $ 1.44     $ 4.80     $ 4.15  
   

 

 

   

 

 

   

 

 

   

 

 

 

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