EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2013

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

14. EARNINGS PER SHARE

The standards of accounting for earnings per share require companies to provide a reconciliation of the numerator and denominator of the basic and diluted earnings per share computations.  Basic and diluted earnings per share were calculated as follows:

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2013		2012		2013		2012
Numerator:
Earnings available to common shares	$	9,420	$	5,530	$	19,123	$	15,945
Denominator:
Weighted average common shares		22,973,631		22,768,425		22,914,133		22,623,978
(Denominator for basic calculation)
Weighted average effect of dilutive securities:
Share-based compensation		897,394		1,011,108		840,539		753,824
Diluted weighted average common shares		23,871,025		23,779,533		23,754,672		23,377,802
(Denominator for diluted calculation)
Earnings per share:
Basic	$	0.41	$	0.24	$	0.84	$	0.70
Diluted	$	0.40	$	0.23	$	0.81	$	0.68

For the three months ended March 31, 2013 and 2012, approximately 1.5 million and 0.4 million shares, respectively, attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because the exercise price of the options was greater than the average market price of our common stock and, therefore, their inclusion would have been anti-dilutive.

For the six months ended March 31, 2013 and 2012, approximately 2.0 million and 1.3 million shares, respectively, attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because the exercise price of the options was greater than the average market price of our common stock and, therefore, their inclusion would have been anti-dilutive.