Earnings Per Common Share (Tables)

3 Months Ended

Dec. 31, 2013

Calculation of Weighted Average Common Shares and Common Equivalent Shares Outstanding

In connection with the issuance of 184,000 shares of restricted stock on November 21, 2013, the Company applied the two-class method in calculating per share data for the three months ended December 31, 2013.  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, 2013			December 31, 2012
Net income	$	24,176		$	22,013
Less:  Income allocable to unvested restricted stock		(152	)		--
Income available to common shareholders	$	24,024		$	22,013
Reallocation of participating earnings		1			--
Diluted income attributable to common shareholders	$	24,025		$	22,013
Weighted average number of common share equivalents:
Common shares used in basic earnings per share		12,947,195			12,827,918
Common share equivalents outstanding related to stock options		52,918			98,896
Total weighted average common shares and common share equivalents used in diluted earnings per share		13,000,113			12,926,814
Basic earnings per common share	$	1.86		$	1.72
Diluted earnings per common share	$	1.85		$	1.70