Earnings Per Common Share

3 Months Ended

Dec. 31, 2012

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
	December 31, 2012		December 31, 2011
Net earnings available to common stockholders	$	22,013	$	8,685
Weighted average number of common share equivalents:
Common shares used in basic earnings per share		12,827,918		12,704,538
Common share equivalents outstanding related to stock options		98,896		130,558
Total weighted average common shares and common share equivalents used in diluted earnings per share		12,926,814		12,835,096
Basic earnings per common share	$	1.72	$	0.68
Diluted earnings per common share	$	1.70	$	0.68

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