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Earnings per Share
12 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
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:

 

     2014      2013      2012  

Average common shares outstanding

     193,299         195,157         205,460   

Dilutive share equivalents from share-based plans

     4,410         4,036         3,721   
  

 

 

    

 

 

    

 

 

 

Average common and common equivalent shares outstanding — assuming dilution

     197,709         199,193         209,181   
  

 

 

    

 

 

    

 

 

 

 

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. For the years ended September 30, 2014 and 2013, there were no options to purchase shares of common stock which were excluded from the diluted earnings per share calculation. Options to purchase 4.8 million shares of the Company’s common stock were excluded from the calculation of diluted earnings per share in 2012.