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NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCK (Tables)
6 Months Ended
Mar. 31, 2013
Reconciliation of Basic and Diluted Earnings per Share Attributable to Common Stock

A reconciliation of the basic and diluted earnings per share attributable to common stock is as follows:

 

     Three Months Ended March 31,     Six Months Ended March 31,  
     2013     2012 (a)     2013     2012 (a)  
     (in 000’s)     (in 000’s)  

Net income

   $ 6,279      $ 5,589      $ 9,207      $ 8,820   

Income allocable to unvested restricted stock

     (144     (57     (211     (90
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic income attributable to common stock

   $ 6,135      $ 5,532      $ 8,996      $ 8,730   
  

 

 

   

 

 

   

 

 

   

 

 

 

Reallocation of participating earnings

                  1                 —                    —                     —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income attributable to common stock

   $ 6,136      $ 5,532      $ 8,996      $ 8,730   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     Three Months Ended March 31,     Six Months Ended March 31,  
     2013     2012 (a)     2013     2012 (a)  

Weighted average common shares outstanding:

        

Basic:

     7,861,204        7,841,362        7,855,284        7,836,787   

Dilutive common stock options

     40,432        55,587        33,622        48,803   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted:

     7,901,636        7,896,949        7,888,906        7,885,590   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic income attributable to a share of common stock

   $         0.78      $         0.71      $         1.15      $          1.11   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income attributable to a share of common stock

   $ 0.78      $ 0.70      $ 1.14      $ 1.11   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Prior year earnings per share calculations have been adjusted for the two-class method to reflect restricted shares that were not reflected as participating in prior periods. Basic earnings per share as previously reported for the quarter and six months ended March 31, 2012 was $0.71 and $1.13, respectively. Diluted earnings per share as previously reported for the quarter and six months ended March 31, 2012 was $0.70 and $1.11, respectively. Basic weighted average shares outstanding as previously reported for the quarter and six months ended March 31, 2012 were 7,841,362 and 7,836,787, respectively. Diluted weighted average shares outstanding as previously reported for the quarter and six months ended March 31, 2012 were 7,953,141 and 7,938,166, respectively. The impact on all prior period financial statements is deemed immaterial.