Income Per Common Share

9 Months Ended

Jun. 30, 2011

Income Per Common Share

Income Per Common Share

(9)        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 Company's time vested restricted stock, which is a participating security, is included in the computation of earnings per share pursuant to the two-class method. Undistributed net income allocated to unvested restricted stock was not material for the three or nine month periods ended June 30, 2011 and 2010. The following table sets forth the computation of net income per share:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2011		2010		2011		2010
Basic Net Income per Share:
Net income attributed to Landauer, Inc.	$	5,536	$	6,180	$	19,352	$	19,118
Less:  Income allocated to unvested restricted stock		32		25		95		66
Net income available to common stockholders	$	5,504	$	6,155	$	19,257	$	19,052
Basic weighted averages shares outstanding		9,340		9,325		9,330		9,302
Net income per share – Basic	$	0.59	$	0.66	$	2.06	$	2.05
Diluted Net Income per Share:
Net income attributed to Landauer, Inc.	$	5,536	$	6,180	$	19,352	$	19,118
Less:  Income allocated to unvested restricted stock		32		25		95		66
Net income available to common stockholders	$	5,504	$	6,155	$	19,257	$	19,052
Basic weighted averages shares outstanding		9,340		9,325		9,330		9,302
Effect of dilutive securities		46		40		46		39
Diluted weighted averages shares outstanding		9,386		9,365		9,376		9,341
Net income per share – Diluted	$	0.59	$	0.66	$	2.05	$	2.04