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Earnings Per Share
3 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

C. EARNINGS PER SHARE

 

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

 

 

 

 

 

 

 

 

 

Three Months Ended

 

December 31,

 

2012

 

2011

Numerator:

 

 

 

 

 

Net income (loss)

$

7,385 

 

$

(1,745)

Denominator:

 

 

 

 

 

Weighted average basic shares

 

11,922 

 

 

11,764 

Dilutive effect of stock options and restricted stock units

 

78 

 

 

--

Weighted average diluted shares with assumed conversions

 

12,000 

 

 

11,764 

Net earnings (loss) per share:

 

 

 

 

 

Basic

$

0.62 

 

$

(0.15)

Diluted

$

0.62 

 

$

(0.15)

 

Approximately 104,000 shares related to outstanding stock options and restricted stock units were excluded from the computation of diluted earnings (loss) per share because they were anti-dilutive for the three months ended December 31, 2011.