EARNINGS PER SHARE (EPS)

9 Months Ended

Jun. 30, 2016

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,
	2016		2015		2016		2015

Weighted Average Shares Outstanding - Basic		25,725		26,080		25,777		26,104
Dilutive Options and Restricted Shares		185		100		185		148

Adjusted Shares - Diluted		25,910		26,180		25,962		26,252

Approximately 151,000 and 149,000 restricted shares were excluded from the computation of diluted EPS for the three-month periods ended June 30, 2016 and 2015, respectively, based upon the application of the treasury stock method. Approximately 183,000 and 174,000 restricted shares were excluded from the computation of diluted EPS for the nine-month periods ended June 30, 2016 and 2015, respectively, based upon the application of the treasury stock method.