Income (Loss) Per Common Share

12 Months Ended

Sep. 30, 2016

Income (Loss) Per Common Share [Abstract]

5.Income (Loss) per Common Share

Basic net income (loss) per share was computed by dividing net income (loss) available to common stockholders for the period by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share was computed by dividing net income (loss) 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.

Unvested stock-based compensation awards that contain non-forfeitable rights to dividends are treated as participating securities and included in the computation of earnings per share pursuant to the two-class method. The Company’s time vested restricted stock is a participating security. The following table sets forth the computation of net income (loss) per share for the years ended September 30:



(Dollars in Thousands, Except per Share)	2016		2015		2014
Basic Net Income (Loss) per Share:
Net income (loss) attributed to Landauer, Inc.	$	17,753	$	14,543	$	(25,203)
Less: Income allocated to unvested restricted stock		79		86		-
Net income (loss) available to common stockholders	$	17,674	$	14,457	$	(25,203)

Basic weighted average shares outstanding		9,526		9,511		9,524
Net income (loss) per share – Basic	$	1.86	$	1.52	$	(2.65)

Diluted Net Income (Loss) per Share:
Net income (loss) attributed to Landauer, Inc.	$	17,753	$	14,543	$	(25,203)
Less: Income allocated to unvested restricted stock		79		86		-
Net income (loss) available to common stockholders	$	17,674	$	14,457	$	(25,203)

Basic weighted average shares outstanding		9,526		9,511		9,524
Effect of dilutive securities		43		29		-
Diluted weighted average shares outstanding		9,569		9,540		9,524
Net income (loss) per share – Diluted	$	1.85	$	1.52	$	(2.65)

In periods where losses are recorded, inclusion of potentially dilutive securities in the calculation would decrease the loss per common share and, therefore, these securities are not added to the weighted average number of shares outstanding. The computations of diluted net loss per common share for fiscal 2014 did not include the following outstanding shares of restricted stock as well as the effects of options to acquire common stock as the inclusion of these securities would have been antidilutive:



	2016		2015		2014
Effect of dilutive securities		-		-		51