Earnings Per Share

6 Months Ended

Mar. 31, 2014

Earnings Per Share

B. 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 restrictive stock units, as prescribed by the FASB guidance on 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				Six Months Ended
	March 31,				March 31,
	2014		2013		2014		2013
Numerator:
Income from continuing operations		6,976		6,202		14,243		13,322
Income from discontinued operations		8,617		616		9,604		881
Net income	$	15,593	$	6,818	$	23,847	$	14,203
Denominator:
Weighted average basic shares		12,004		11,953		11,999		11,946
Dilutive effect of restricted stock units		60		76		58		75
Weighted average diluted shares with assumed conversions		12,064		12,029		12,057		12,021
Net earnings per share:
Continuing operations	$	0.58	$	0.52	$	1.19	$	1.12
Discontinued operations		0.72		0.05		0.80		0.07
Basic earnings per share	$	1.30	$	0.57	$	1.99	$	1.19
Continuing operations	$	0.58	$	0.52	$	1.18	$	1.11
Discontinued operations		0.71		0.05		0.80		0.07
Diluted earnings per share	$	1.29	$	0.57	$	1.98	$	1.18