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Earnings per Common Share
3 Months Ended
Dec. 31, 2012
Earnings per Common Share [Abstract]  
Earnings per Common Share
9. 
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 periods presented, anti-dilutive stock options were excluded from the calculation of diluted earnings per share.  Cumulative treasury stock acquired, less cumulative shares reissued, have been excluded in determining the average number of shares outstanding.

Earnings per share are calculated as follows (share information in thousands):

   
Quarterly Period Ended December 31
 
   
2012
   
2011
 
             
Net income
  $ 24.0     $ 32.9  
                 
Average shares outstanding - Basic
    60,903       61,976  
Add potential effect of exercise of stock options
               
and other unvested equity awards
    203       361  
Average shares outstanding - Diluted
    61,106       62,337  
                 
Net income per common share - Basic
  $ 0.39     $ 0.53  
                 
Net income per common share - Diluted
  $ 0.39     $ 0.53  
                 
Shares with anti-dilutive effect excluded from the computation of  Diluted EPS
    2.1       1.1