Income Per Common Share

3 Months Ended

Dec. 31, 2014

Income Per Common Share [Abstract]

Income Per Common Share

(4)Income per Common Share

Basic net income per share was computed by dividing net income available to common stockholders for the period by the weighted average number of shares of common stock outstanding during the period.  Diluted net income per share was computed by dividing net income available to common stockholders for the period by the weighted average number of shares of common stock that would have been outstanding assuming dilution from stock-based compensation awards during the period.

The following table sets forth the computation of net income per share:

	Three Months Ended December 31,
(Dollars in Thousands, Except per Share)	2014		2013 (As Restated)
Basic Net Income per Share:
Net income attributed to Landauer, Inc.	$	4,377	$	3,821
Less:  Income allocated to unvested restricted stock		29		46
Net income available to common stockholders	$	4,348	$	3,775
Basic weighted average shares outstanding		9,446		9,422
Net income per share - Basic	$	0.46	$	0.40
Diluted Net Income per Share:
Net income attributed to Landauer, Inc.	$	4,377	$	3,821
Less:   Income allocated to unvested restricted stock		29		46
Net income available to common stockholders	$	4,348	$	3,775
Basic weighted average shares outstanding		9,446		9,422
Effect of dilutive securities		28		45
Diluted weighted averages shares outstanding		9,474		9,467
Net income per share - Diluted	$	0.46	$	0.40
Dividends paid per share	$	0.55	$	0.55

On March 9, 2015, the Company declared a reduction in dividend to $0.275 per share, compared to $0.55 per share in the previous quarter.