XML 78 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
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 September 30, 2013, 2012 and 2011 (in thousands, except per share data):

 

 

Year Ended September 30,

 

 

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.