Earnings per Share and Dividends per Share

3 Months Ended

Dec. 31, 2016

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Earnings per Share and Dividends per Share

(6) Earnings per Share and Dividends per Share

Basic earnings per share is determined by dividing net earnings by the weighted average number of shares of common stock outstanding, while diluted earnings per share is determined by dividing net earnings by the weighted average number of shares of common stock outstanding adjusted for the dilutive effect of common stock equivalents.

All common stock equivalents were dilutive and therefore included in the diluted earnings per share calculation for the three months ended December 31, 2016.

A quarterly cash dividend of $0.10 per share was paid on December 8, 2016, to shareholders of record as of November 15, 2016.