Earnings per Share

12 Months Ended

Sep. 30, 2013

Earnings per Share

E.Earnings Per Share

We compute basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common share includes the weighted average of additional shares associated with the incremental effect of dilutive restricted stock and restrictive stock units, as prescribed by the FASB guidance on earnings per share.

The following table reconciles basic and diluted weighted average shares used in the computation of earnings per share for the years ended September30, 2013, 2012 and 2011 (in thousands, except per share data):

	YearEndedSeptember30,
	2013			2012			2011
Numerator:
Net income (loss)	$	42,076	$		29,657	$		(2,715	)
Denominator:
Weighted average basic shares		11,948			11,850			11,735
Dilutive effect of stock options, restricted stock and restricted stock units (1)		46			75			−
Weighted average diluted shares with assumed conversions		11,994			11,925			11,735
Net earnings (loss) per share:
Basic	$	3.52	$		2.50	$		(0.23	)
Diluted	$	3.51	$		2.49	$		(0.23	)

(1) In Fiscal 2011, approximately 23,000 shares related to outstanding stock options and restricted stock units were excluded from the computation of diluted earnings (loss) per share because they were antidilutive.