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Net Income per Share
 9 Months Ended
May 31, 2012
Net Income per Share [Abstract]  
Net Income per Share

NOTE 5—Net Income per Share

The following table sets forth the computation of basic and diluted net income per share from continuing operations:

 

                                 
    Three Months Ended     Nine Months Ended  
    May 31,     May 31,  
    2012     2011     2012     2011  
    (In thousands, except per share amounts)  

Numerator:

                                

Net income from continuing operations attributable to Robbins & Myers, Inc.

   $ 44,227     $ 18,920     $ 117,600     $ 44,951  
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

                                

Basic weighted average shares

     43,097       45,616       44,628       39,449  

Effect of dilutive options and restricted shares/units

     194       349       209       363  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted weighted average shares

     43,291       45,965       44,837       39,812  
   

 

 

    

 

 

    

 

 

    

 

 

  

Basic net income per share from continuing operations

   $ 1.03     $ 0.41     $ 2.64     $ 1.14  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted net income per share from continuing operations

   $ 1.02     $ 0.41     $ 2.62     $ 1.13  
   

 

 

    

 

 

    

 

 

    

 

 

  

Anti-dilutive options (excluded from diluted net income per share computations)

     32       45       32       207  
   

 

 

    

 

 

    

 

 

    

 

 

  

In connection with the acquisition of T-3 on January 10, 2011, we issued approximately 12.0 million shares to T-3 stockholders as part of the purchase price consideration, which have been included in our computation of basic and diluted net income per share from continuing operations for the three and nine month periods ended May 31, 2012 and 2011. In addition, as part of the merger consideration, we issued approximately 1.0 million options to replace T-3 grants for pre-merger services which have also been included in the computation above. The net income of T-3 that is included in our consolidated condensed financial statements for the three and nine month periods ended May 31, 2012 was approximately $9.2 million and $23.3 million, respectively. The net income of T-3 from the acquisition date that is included in our consolidated condensed financial statements for the three and nine month periods ended May 31, 2011 was approximately $3.3 million and $0.3 million, respectively, which included pre-tax expense of $8.2 million ($5.3 million after tax) and $19.7 million ($12.8 million after tax), respectively, related to amortization of intangible assets for opening customer backlog, expense due to inventory write-up values and severance costs.