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.