Earnings Per Share (EPS)

6 Months Ended

Mar. 31, 2013

Earnings Per Share (EPS) [Abstract]

Earnings Per Share (EPS)

3. EARNINGS PER SHARE (EPS)

Basic EPS is calculated using the weighted average number of common shares outstanding during the period. Diluted EPS is calculated using the weighted average number of common shares outstanding during the period plus shares issuable upon the assumed exercise of dilutive common share options and vesting of performance-accelerated restricted shares (restricted shares) by using the treasury stock method. The number of shares used in the calculation of earnings per share for each period presented is as follows (in thousands):

	Three Months Ended		Six Months Ended
	March 31,		March 31,
	2013	2012	2013	2012
Weighted Average Shares
Outstanding - Basic	26,417	26,706	26,460	26,689
Dilutive Options and
Restricted Shares	328	279	303	251
Adjusted Shares - Diluted	26,745	26,985	26,763	26,940

Options to purchase 124,654 shares of common stock at prices ranging from $35.69 - $45.20 were outstanding during the three-month periods ended March 31, 2012, but were not included in the computation of diluted EPS because the options' exercise prices were greater than the average market price of the common shares. The options expire at various periods through 2014. There were no options outstanding during the three-month period ended March 31, 2013 that were not included in the computation of diluted EPS. Approximately 192,000 and 232,000 restricted shares were excluded from the computation of diluted EPS for the three-month periods ended March 31, 2013 and 2012, respectively, based upon the application of the treasury stock method.