EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2011

Earnings Per Share [Text Block]

NOTE 16 – EARNINGS PER SHARE

Basic and diluted EPS from continuing operations for the years ended September 30, 2011, 2010 and 2009 were determined using the following information:

	Years Ended September 30,
	2011		2010		2009
Weighted average shares outstanding - basic		58,919		58,974		58,699
Incremental shares from stock based compensation		—		1,019		303
Weighted average shares outstanding - diluted		58,919		59,993		59,002
Anti-dilutive options excluded from diluted EPS computation		1,170		1,036		1,305
Anti-dilutive restricted stock excluded from diluted EPS computation		590		208		106

Griffon has the intent and ability to settle the principal amount of the 2017 Notes in cash, as such, the potential issuance of shares related to the principal amount of the 2017 Notes does not affect diluted shares.