Income Per Common Share

6 Months Ended

Mar. 31, 2016

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 March 31,				Six Months Ended March 31,
(Dollars in Thousands, Except per Share)	2016		2015		2016		2015
Basic Net Income per Share:
Net income attributed to Landauer, Inc.	$	4,279	$	3,547	$	7,922	$	7,924
Less:  Income allocated to unvested restricted stock		21		18		39		47
Net income available to common stockholders	$	4,258	$	3,529	$	7,883	$	7,877
Basic weighted average shares outstanding		9,518		9,493		9,483		9,464
Net income per share - Basic	$	0.45	$	0.37	$	0.83	$	0.83
Diluted Net Income per Share:
Net income attributed to Landauer, Inc.	$	4,279	$	3,547	$	7,922	$	7,924
Less:  Income allocated to unvested restricted stock		21		18		39		47
Net income available to common stockholders	$	4,258	$	3,529	$	7,883	$	7,877
Basic weighted average shares outstanding		9,518		9,493		9,483		9,464
Effect of dilutive securities		32		27		33		28
Diluted weighted averages shares outstanding		9,550		9,520		9,516		9,492
Net income per share - Diluted	$	0.45	$	0.37	$	0.83	$	0.83
Dividends paid per share	$	0.275	$	0.275	$	0.55	$	0.825

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.