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Earnings Per Share
 9 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

D. EARNINGS PER SHARE

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

 

                                 
    Three Months Ended
June 30,		     Nine Months Ended
June 30,		  
    2011     2010     2011     2010  
    (As restated,
see Note M)		           (As restated,
see Note M)		        

Numerator:

                                

Net income attributable to Powell Industries, Inc.

   $ 73     $ 10,286     $ 4,237     $ 29,790  
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

                                

Weighted average basic shares

     11,740       11,556       11,730       11,518  

Dilutive effect of stock options and restricted stock units

     72       123       76       130  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average diluted shares with assumed conversions

     11,812       11,679       11,806       11,648  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net earnings per share:

                                

Basic

   $ 0.01     $ 0.89     $ 0.36     $ 2.59  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

   $ 0.01     $ 0.88     $ 0.36     $ 2.56  
   

 

 

    

 

 

    

 

 

    

 

 

  

All options were included in the computation of diluted earnings per share for the three and nine months ended June 30, 2011 and 2010, respectively, as the options’ exercise prices were less than the average market price of our common stock.