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Earnings Per Share (Tables)
9 Months Ended
Jun. 30, 2014
Computation of Basic and Diluted 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

 

 

Nine Months Ended

 

 

June 30,

 

 

June 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

2,947

 

 

 

9,083

 

 

 

17,190

 

 

 

22,806

 

Income from discontinued operations

 

-

 

 

 

222

 

 

 

9,604

 

 

 

702

 

Net income

$

2,947

 

 

$

9,305

 

 

$

26,794

 

 

$

23,508

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares

 

12,015

 

 

 

11,941

 

 

 

12,004

 

 

 

11,932

 

Dilutive effect of restricted stock units

 

60

 

 

 

75

 

 

 

59

 

 

 

75

 

Weighted average diluted shares with assumed conversions

 

12,075

 

 

 

12,016

 

 

 

12,063

 

 

 

12,007

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

0.25

 

 

$

0.76

 

 

$

1.43

 

 

$

1.91

 

Discontinued operations

 

 

 

 

0.02

 

 

 

0.80

 

 

 

0.06

 

Basic earnings per share

$

0.25

 

 

$

0.78

 

 

$

2.23

 

 

$

1.97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

0.24

 

 

$

0.76

 

 

$

1.43

 

 

$

1.90

 

Discontinued operations

 

 

 

 

0.02

 

 

 

0.80

 

 

 

0.06

 

Diluted earnings per share

$

0.24

 

 

$

0.78

 

 

$

2.23

 

 

$

1.96