EARNINGS PER SHARE (EPS)

9 Months Ended

Jun. 30, 2014

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 June 30,				Nine Months Ended June 30,
	2014		2013		2014		2013
Weighted Average Shares Outstanding - Basic		26,513		26,436		26,497		26,453
Dilutive Options and Restricted Shares		189		313		221		299
Adjusted Shares - Diluted		26,702		26,749		26,718		26,752

Options to purchase 66,402 shares of common stock at prices of $37.54 were outstanding during the three-month period ended June 30, 2013, 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. Approximately 163,000 and 194,000 restricted shares were excluded from the computation of diluted EPS for the three-month periods ended June 30, 2014 and 2013, respectively, based upon the application of the treasury stock method.