| 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:
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Three Months Ended
March 31,
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Six Months Ended
March 31,
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(Dollars in Thousands, Except per Share)
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2016
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2015
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2016
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2015
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Basic Net Income per Share:
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Net income attributed to Landauer, Inc.
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$
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4,279
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$
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3,547
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$
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7,922
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$
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7,924
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Less: Income allocated to unvested restricted stock
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21
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18
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39
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47
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Net income available to common stockholders
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$
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4,258
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$
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3,529
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$
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7,883
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$
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7,877
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Basic weighted average shares outstanding
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9,518
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9,493
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9,483
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9,464
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Net income per share - Basic
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$
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0.45
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$
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0.37
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$
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0.83
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$
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0.83
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Diluted Net Income per Share:
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Net income attributed to Landauer, Inc.
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$
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4,279
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$
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3,547
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$
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7,922
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$
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7,924
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Less: Income allocated to unvested restricted stock
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21
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18
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39
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47
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Net income available to common stockholders
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$
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4,258
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$
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3,529
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$
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7,883
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$
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7,877
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Basic weighted average shares outstanding
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9,518
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9,493
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9,483
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9,464
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Effect of dilutive securities
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32
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27
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33
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28
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Diluted weighted averages shares outstanding
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9,550
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9,520
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9,516
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9,492
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Net income per share - Diluted
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$
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0.45
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$
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0.37
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$
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0.83
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$
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0.83
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Dividends paid per share
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$
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0.275
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$
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0.275
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$
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0.55
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$
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0.825
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On February 18, 2016, the Company declared a regular quarterly cash dividend in the amount of $0.275 per share for the second quarter of fiscal 2016. The dividends were paid on April 4, 2016 to shareholders of record as of March 18, 2016.
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