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Earnings per Share (Tables)
3 Months Ended
Dec. 31, 2012
Earnings per Share  
Computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2012

 

2011

 

Numerator:

 

 

 

 

 

Income from continuing operations

 

$

159,611

 

$

144,297

 

Loss from discontinued operations

 

(8

)

(11

)

Net income

 

159,603

 

144,286

 

Adjustment for basic earnings per share:

 

 

 

 

 

Earnings allocated to unvested shareholders

 

(730

)

(474

)

Numerator for basic earnings per share:

 

 

 

 

 

From continuing operations

 

158,881

 

143,823

 

From discontinued operations

 

(8

)

(11

)

 

 

158,873

 

143,812

 

Adjustment for diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Effect of reallocating undistributed earnings of unvested shareholders

 

9

 

7

 

Numerator for diluted earnings per share:

 

 

 

 

 

From continuing operations

 

158,890

 

143,830

 

From discontinued operations

 

(8

)

(11

)

 

 

$

158,882

 

$

143,819

 

Denominator:

 

 

 

 

 

Denominator for basic earnings per share — weighted-average shares

 

105,867

 

107,186

 

Effect of dilutive shares from stock options and restricted stock

 

1,545

 

1,602

 

Denominator for diluted earnings per share — adjusted weighted-average shares

 

107,412

 

108,788

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

Income from continuing operations

 

$

1.50

 

$

1.34

 

Loss from discontinued operations

 

 

 

Net income

 

$

1.50

 

$

1.34

 

Diluted earnings per common share:

 

 

 

 

 

Income from continuing operations

 

$

1.48

 

$

1.32

 

Loss from discontinued operations

 

 

 

Net income

 

$

1.48

 

$

1.32

 

 

Shares attributable to outstanding equity awards excluded from the calculation of diluted earnings per share

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 (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Shares excluded from calculation of diluted earnings per share

 

806

 

761

 

Weighted-average price per share

 

$

57.24

 

$

55.06