Income Per Common Share

9 Months Ended

Jun. 30, 2017

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)	2017		2016		2017		2016
Basic Net Income per Share:
Net income attributed to Landauer, Inc.	$	6,400	$	7,265	$	15,976	$	15,187
Less:  Income allocated to unvested restricted stock		15		20		53		59
Net income available to common stockholders	$	6,385	$	7,245	$	15,923	$	15,128
Basic weighted average shares outstanding		9,585		9,531		9,562		9,523
Net income per share - Basic	$	0.67	$	0.76	$	1.67	$	1.59
Diluted Net Income per Share:
Net income attributed to Landauer, Inc.	$	6,400	$	7,265	$	15,976	$	15,187
Less:  Income allocated to unvested restricted stock		15		20		53		59
Net income available to common stockholders	$	6,385	$	7,245	$	15,923	$	15,128
Basic weighted average shares outstanding		9,585		9,531		9,562		9,523
Effect of dilutive securities		21		33		33		32
Diluted weighted averages shares outstanding		9,606		9,564		9,595		9,555
Net income per share - Diluted	$	0.66	$	0.76	$	1.66	$	1.58
Dividends paid per share	$	0.275	$	0.275	$	0.83	$	0.83

On May 2, 2017, the Company declared a regular quarterly cash dividend in the amount of $0.275 per share. The dividends were paid on July 6, 2017 to shareholders of record as of June 16, 2017.