Income (Loss) Per Common Share

9 Months Ended

Jun. 30, 2013

Income (Loss) Per Common Share [Abstract]

Income (Loss) Per Common Share

(4)(Loss) Incomeper Common Share

Basic net (loss) 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 (loss) income per share was computed by dividing net (loss) 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.  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.

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 nine month periods ended June 30, 2013 and 2012.  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)	2013		2012		2013		2012
Basic Net (Loss) Income per Share:
Net (loss) income attributed to Landauer, Inc.	$	(13,753)	$	6,566	$	(3,723)	$	18,601
Less:  Income allocated to unvested restricted stock		0		34		0		101
Net (loss) income available to common stockholders	$	(13,753)	$	6,532	$	(3,723)	$	18,500
Basic weighted average shares outstanding		9,439		9,371		9,402		9,357
Net (loss) income per share - Basic	$	(1.46)	$	0.70	$	(0.40)	$	1.98
Diluted Net (Loss) Income per Share:
Net (loss) income attributed to Landauer, Inc.	$	(13,753)	$	6,566	$	(3,723)	$	18,601
Less:   Income allocated to unvested restricted stock		0		34		0		101
Net (loss) income available to common stockholder	$	(13,753)	$	6,532	$	(3,723)	$	18,500
Basic weighted average shares outstanding		9,439		9,371		9,402		9,357
Effect of dilutive securities		0		41		0		40
Diluted weighted averages shares outstanding		9,439		9,412		9,402		9,397
Net (loss) income per share - Diluted	$	(1.46)	$	0.69	$	(0.40)	$	1.97