Earnings Per Common Share

6 Months Ended

Mar. 31, 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				Six Months Ended
	March 31, 2013		March 31, 2012		March 31, 2013		March 31, 2012
Net earnings available to common stockholders	$	16,869	$	11,431	$	38,882	$	20,116
Weighted average number of common share equivalents:
Common shares used in basic earnings per share		12,882,396		12,726,292		12,854,858		12,715,356
Common share equivalents outstanding related to stock options		73,170		134,488		69,156		124,204
Total weighted average common shares and common share equivalents used in diluted earnings per share		12,955,566		12,860,780		12,924,014		12,839,560
Basic earnings per common share	$	1.31	$	0.90	$	3.02	$	1.58
Diluted earnings per common share	$	1.30	$	0.89	$	3.01	$	1.57

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