Earnings Per Share

9 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

C. 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,
	2012		2011		2012		2011
Numerator:
Net income attributable to Powell Industries, Inc.	$	12,138	$	73	$	17,804	$	4,237
Denominator:
Weighted average basic shares		11,812		11,740		11,782		11,730
Dilutive effect of stock options and restricted stock units		49		72		52		76
Weighted average diluted shares with assumed conversions		11,861		11,812		11,834		11,806
Net earnings per share:
Basic	$	1.03	$	0.01	$	1.51	$	0.36
Diluted	$	1.02	$	0.01	$	1.50	$	0.36

All options were included in the computation of diluted earnings per share for the three and nine months ended June 30, 2012 and 2011, respectively, as the options’ exercise price was less than the average market price of our common stock.