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Earnings Per Share
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3 Months Ended | ||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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| Earnings Per Share | 13. Earnings Per Share
Basic earnings per share (EPS) excludes dilution and is computed by dividing net income available for common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted average number of common shares outstanding and potential common stock equivalent shares for the period. The Company includes as potential common shares the weighted average dilutive effects of outstanding stock options and restricted stock units using the treasury stock method.
The following table sets forth a reconciliation of the denominators for basic and diluted earnings per share:
EPS includes the effect of repurchased shares, which are discussed in Note 3 herein. For the three months ended December 31, 2013 and 2012, options excluded from the calculation of potential common shares were not significant. |
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