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Earnings per Share (Notes)
 12 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings per Share
The Company presents basic and diluted earnings per share (“EPS”) using the two-class method which requires all outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends and therefore participate in undistributed earnings with common stockholders be included in computing earnings per share. Under the two-class method, net earnings are reduced by the amount of dividends declared in the period for each class of common stock and participating security. The remaining undistributed earnings are then allocated to common stock and participating securities, based on their respective rights to receive dividends. Restricted stock awards granted to certain employees and directors and shares held in trust for the Provident Group acquisition contain non-forfeitable rights to dividends at the same rate as common stock, and are considered participating securities.
Basic EPS has been computed by dividing net income by the weighted-average number of common shares outstanding. The following is a reconciliation of the numerator and denominator of the diluted net income per share computations for the periods presented below.
 
Year Ended September 30,
(in millions, except share amounts)
2013
 
2012
 
2011
 
 
 
(As Restated)
 
(As Restated)
 Numerator:
 
 
 
 
 
 Income from continuing operations attributable to INTL FCStone Inc. stockholders
$
19.3

 
$
12.8

 
$
34.6

 Less: Allocation to participating securities
(0.8
)
 
(0.5
)
 
(0.9
)
 Income from continuing operations allocated to common stockholders
$
18.5

 
$
12.3

 
$
33.7

Income from discontinued operations
$
—

 
$
—

 
$
0.2

 Less: Allocation to participating securities
—

 
—

 
—

Income from discontinued operations allocated to common stockholders
$
—

 
$
—

 
$
0.2

 Diluted net income
$
19.3

 
$
12.8

 
$
34.8

 Less: Allocation to participating securities
(0.8
)
 
(0.5
)
 
(0.9
)
Diluted net income allocated to common stockholders
$
18.5

 
$
12.3

 
$
33.9

 Denominator:
 
 
 
 
 
 Weighted average number of:
 
 
 
 
 
 Common shares outstanding
18,443,233

 
18,282,939

 
17,618,085

 Dilutive potential common shares outstanding:
 
 
 
 
 
 Share-based awards
625,264

 
873,960

 
949,369

 Diluted weighted-average shares
19,068,497

 
19,156,899

 
18,567,454


The dilutive effect of share-based awards is reflected in diluted net income per share by application of the treasury stock method, which includes consideration of unamortized share-based compensation expense required under the Compensation – Stock Compensation Topic of the ASC.
Options to purchase 1,447,688, 1,157,601 and 386,031 shares of common stock for fiscal years ended 2013, 2012 and 2011, respectively, were excluded from the calculation of diluted earnings per share because they would have been anti-dilutive.