Income Per Common Share

9 Months Ended

Jun. 30, 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 June 30,				Nine Months Ended June 30,
(Dollars in Thousands, Except per Share)	2016		2015		2016		2015
Basic Net Income per Share:
Net income attributed to Landauer, Inc.	$	7,265	$	4,055	$	15,187	$	11,979
Less:  Income allocated to unvested restricted stock		20		20		59		67
Net income available to common stockholders	$	7,245	$	4,035	$	15,128	$	11,912
Basic weighted average shares outstanding		9,531		9,509		9,523		9,476
Net income per share - Basic	$	0.76	$	0.42	$	1.59	$	1.26
Diluted Net Income per Share:
Net income attributed to Landauer, Inc.	$	7,265	$	4,055	$	15,187	$	11,979
Less:  Income allocated to unvested restricted stock		20		20		59		67
Net income available to common stockholders	$	7,245	$	4,035	$	15,128	$	11,912
Basic weighted average shares outstanding		9,531		9,509		9,523		9,476
Effect of dilutive securities		33		25		32		27
Diluted weighted averages shares outstanding		9,564		9,534		9,555		9,503
Net income per share - Diluted	$	0.76	$	0.42	$	1.58	$	1.25
Dividends declared per share	$	0.275	$	0.275	$	0.83	$	1.100

On May 12, 2016, the Company declared a regular quarterly cash dividend in the amount of $0.275 per share for the third quarter of fiscal 2016. The dividends were paid on July 5, 2016 to shareholders of record as of June 17, 2016.