Net Income Per Share

9 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Net Income per Share

2. NET INCOME PER SHARE

Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of common shares and dilutive common share equivalents then outstanding using the treasury stock method. Common equivalent shares consist of the incremental common shares issuable upon the exercise of stock options and vesting of restricted stock awards.

The following table presents the basic and diluted weighted average shares outstanding for each period presented:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2014		2013		2014		2013
Weighted average common shares outstanding		49,315,892		48,717,686		49,185,893		48,355,285
Effect of dilutive securities:
Stock option awards		597,218		777,574		636,700		856,560
Restricted stock awards		114,130		89,892		123,788		87,057
Shares for diluted earnings per share		50,027,240		49,585,152		49,946,381		49,298,902

The following table includes the number of shares that may be dilutive potential common shares in the future. These shares were not included in the computation of diluted earnings per share because the effect was either antidilutive or the performance condition was not met.

	Three Months Ended June 30,				Nine Months Ended June 30,
	2014		2013		2014		2013
Stock options awards		926,693		23,438		925,729		77,504
Restricted stock awards		197,700		99,694		176,700		114,956