Income Per Common Share

6 Months Ended

Mar. 31, 2012

Income Per Common Share [Abstract]

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 and six month periods ended March 31, 2012 and 2011.The following table sets forth the computation of net income per share:

	Three Months Ended March 31,				Six Months Ended March 31,
	2012		2011		2012		2011
Basic Net Income per Share:
Net income attributed to Landauer, Inc.	$	7,110	$	7,997	$	12,035	$	13,816
Less:Income allocated to unvested restricted stock		35		33		67		63
Net income available to common stockholders	$	7,075	$	7,964	$	11,968	$	13,753
Basic weighted averages shares outstanding		9,361		9,332		9,347		9,322
Net income per share – Basic	$	0.76	$	0.85	$	1.28	$	1.48
Diluted Net Income per Share:
Net income attributed to Landauer, Inc.	$	7,110	$	7,997	$	12,035	$	13,816
Less:Income allocated to unvested restricted stock		35		33		67		63
Net income available to common stockholders	$	7,075	$	7,964	$	11,968	$	13,753
Basic weighted averages shares outstanding		9,361		9,332		9,347		9,322
Effect of dilutive securities		41		45		40		45
Diluted weighted averages shares outstanding		9,402		9,377		9,387		9,367
Net income per share – Diluted	$	0.75	$	0.85	$	1.27	$	1.47