Earnings Per Common Share

12 Months Ended

Sep. 30, 2011

Earnings Per Common Share

Earnings Per Common Share

NOTE 11. EARNINGS PER COMMON SHARE

Basic earnings per share is calculated based upon the weighted average number of outstanding common shares for the period, plus the effect of deferred vested shares. Diluted earnings per share is calculated consistent with the basic earnings per share calculation plus the effect of dilutive unissued common shares related to stock-based employee compensation programs. For all years presented, anti-dilutive stock options were excluded from the calculation of dilutive earnings per share. Excluded shares were 0.6 million, 3.4 million and 5.8 million for fiscal years 2011, 2010 and 2009. Cumulative treasury stock acquired, less cumulative shares reissued, have been excluded in determining the average number of shares outstanding. For the year ended September 30, 2009, as a result of our net loss and to avoid dilution of the net loss, our basic and diluted earnings per share were identical.

Earnings per share is calculated as follows:

	Years Ended September 30
	2011		2010		2009
Net income (loss) attributable to common shareholders	$	133.3	$	125.3	$	(405.0	)
Average shares outstanding - Basic		63,164		62,934		62,581
Add potential effect of exercise of stock options
and other unvested equity awards		735		805		-
Average shares outstanding - Diluted		63,899		63,739		62,581
Net Income (Loss) Attributable to Common Shareholders
per Common Share - Basic	$	2.11	$	1.99	$	(6.47	)
Net Income (Loss) Attributable to Common Shareholders
per Common Share - Diluted	$	2.09	$	1.97	$	(6.47	)