EARNINGS PER SHARE (EPS)

9 Months Ended

Jun. 30, 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				Nine Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Weighted Average Shares Outstanding - Basic		26,080		26,513		26,104		26,497
Dilutive Options and Restricted Shares		100		189		148		221
Adjusted Shares - Diluted		26,180		26,702		26,252		26,718

Approximately 149,000 and 163,000 restricted shares were excluded from the computation of diluted EPS for the three-month periods ended June 30, 2015 and 2014, respectively, based upon the application of the treasury stock method. Approximately 174,000 and 192,000 restricted shares were excluded from the computation of diluted EPS for the nine-month periods ended June 30, 2015 and 2014, respectively, based upon the application of the treasury stock method.