EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2011

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 7 EARNINGS PER SHARE

ASC 260, Earnings per Share, requires companies to treat unvested share-based payment awards that have non-forfeitable rights to dividend or dividend equivalents as a separate class of securities in calculating earnings per share. We have granted and expect to continue to grant restricted stock grants to employees that contain non-forfeitable rights to dividends. Such grants are considered participating securities under ASC 260. As such, we are required to include these grants in the calculation of our basic earnings per share and calculate basic earnings per share using the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings.

Basic earnings per share is computed utilizing the two-class method and is calculated based on weighted-average number of common shares outstanding during the periods presented.

Diluted earnings per share is computed using the weighted-average number of common and common equivalent shares outstanding during the periods utilizing the two-class method for stock options and nonvested restricted stock.

The following table sets forth the computation of basic and diluted earnings per share:

September 30,			2011			2010			2009
			(in thousands)
Numerator:
	Income from continuing operations		$	434,668		$	286,081		$	380,546
	Loss from discontinued operations			(482	)		(129,769	)		(27,001	)
	Net income			434,186			156,312			353,545
Adjustment for basic earnings per share
	Earnings allocated to unvested shareholders			(1,295	)		(404	)		(617	)
Numerator for basic earnings per share:
	From continuing operations			433,373			285,677			379,929
	From discontinued operations			(482	)		(129,769	)		(27,001	)
				432,891			155,908			352,928
Adjustment for diluted earnings per share:
	Effect of reallocating undistributed earnings of unvested shareholders			22			6			6
Numerator for diluted earnings per share:
	From continuing operations			433,395			285,683			379,935
	From discontinued operations			(482	)		(129,769	)		(27,001	)
			$	432,913		$	155,914		$	352,934
Denominator:
	Denominator for basic earnings per share – weighted-average shares			106,643			105,711			105,364
	Effect of dilutive shares from stock options and restricted stock			1,989			1,693			1,244
	Denominator for diluted earnings per share – adjusted weighted-average shares			108,632			107,404			106,608
Basic earnings per common shares:
	Income from continuing operations		$	4.06		$	2.70		$	3.61
	Loss from discontinued operations			—			(1.23	)		(0.26	)
		Net income	$	4.06		$	1.47		$	3.35
Diluted earnings per common shares:
	Income from continuing operations		$	3.99		$	2.66		$	3.56
	Loss from discontinued operations			—			(1.21	)		(0.25	)
		Net income	$	3.99		$	1.45		$	3.31

The following shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:

	2011		2010		2009
	(in thousands, except per share amounts)
Shares excluded from calculation of diluted earnings per share		310		554		1,206
Weighted-average price per share	$	47.94	$	38.02	$	33.12