Income Per Common Share

6 Months Ended

Mar. 31, 2013

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.

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. Undistributed net income allocated to unvested restricted stock was not material for the three and six month periods ended March 31, 2013 and 2012.  The following table sets forth the computation of net income per share:

	Three Months Ended March 31,				Six Months Ended March 31,
(Dollars in thousands, Except per Share)	2013		2012		2013		2012
Basic Net Income per Share:
Net income attributed to Landauer, Inc.	$	5,153	$	7,110	$	10,030	$	12,035
Less: Income allocated to unvested restricted stock		43		35		75		67
Net income available to common stockholders	$	5,110	$	7,075	$	9,955	$	11,968
Basic weighted averages shares outstanding		9,417		9,361		9,391		9,347
Net income per share – Basic	$	0.54	$	0.76	$	1.06	$	1.28
Diluted Net Income per Share:
Net income attributed to Landauer, Inc.	$	5,153	$	7,110	$	10,030	$	12,035
Less:  Income allocated to unvested restricted stock		43		35		75		67
Net income available to common stockholders	$	5,110	$	7,075	$	9,955	$	11,968
Basic weighted averages shares outstanding		9,417		9,361		9,391		9,347
Effect of dilutive securities		45		41		47		40
Diluted weighted averages shares outstanding		9,462		9,402		9,438		9,387
Net income per share – Diluted	$	0.54	$	0.75	$	1.05	$	1.27