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.