EARNINGS PER SHARE (EPS)

6 Months Ended

Mar. 31, 2015

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 March 31,				Six Months Ended March 31,
	2015		2014		2015		2014
Weighted Average Shares Outstanding - Basic		26,032		26,493		26,111		26,488
Dilutive Options and Restricted Shares		147		220		191		261
Adjusted Shares - Diluted		26,179		26,713		26,302		26,749

Approximately 172,000 and 186,000 restricted shares were excluded from the computation of diluted EPS for the three-month periods ended March 31, 2015 and 2014, respectively, based upon the application of the treasury stock method.