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Earnings Per Share
 6 Months Ended
Mar. 31, 2012
Earnings Per Share

11. Earnings Per Share

The following table reconciles the numerators and denominators of basic and diluted earnings per share (“EPS”):

 

     Quarter Ended
March 31,		      Six Months Ended
March 31,		  
     2012      2011      2012      2011  
     (In thousands, except
per share data)		      (In thousands, except
per share data)		  

Numerator for diluted and basic earnings per share—Net income:

    $ 20,012       $ 7,745       $ 50,009       $ 23,754   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator—shares:

            

Basic weighted-average shares

      35,331         40,010         35,685         39,966   

Effect of dilutive securities

      1,221         608         1,036         562   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted-average shares

      36,552         40,618         36,721         40,528   
  

 

 

     

 

 

     

 

 

     

 

 

  

Earnings per share:

            

Basic

    $ 0.57       $ 0.19       $ 1.40       $ 0.59   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

    $ 0.55       $ 0.19       $ 1.36       $ 0.59   
  

 

 

     

 

 

     

 

 

     

 

 

  

The computation of diluted EPS for the quarters ended March 31, 2012 and 2011, excludes options to purchase approximately 1,187,000 and 3,833,000 shares of common stock, respectively, and for the six months ended March 31, 2012 and 2011 excludes options to purchase approximately 2,058,000 and 4,204,000 shares of common stock, respectively, because the options’ exercise prices exceeded the average market price of our common stock in these periods and their inclusion would be antidilutive.