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Earnings per Share
12 Months Ended
Sep. 30, 2012
Earnings per Share

Note 4 — Earnings per Share

The weighted average common shares used in the computations of basic and diluted earnings per share (shares in thousands) for the years ended September 30 were as follows:

 

     2012      2011      2010  

Average common shares outstanding

     205,460         221,175         234,328   

Dilutive share equivalents from share-based plans

     3,721         5,105         5,808   
  

 

 

    

 

 

    

 

 

 

Average common and common equivalent shares outstanding — assuming dilution

     209,181         226,280         240,136   
  

 

 

    

 

 

    

 

 

 

Options to purchase shares of common stock are excluded from the calculation of diluted earnings per share when their inclusion would have an anti-dilutive effect on the calculation. Options to purchase 4.8 million shares, 1.2 million shares and 1.3 million shares of the Company’s common stock were excluded from the calculation of diluted earnings per share in 2012, 2011 and 2010, respectively.