Income Per Share Data

9 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Income Per Share Data

11. Income Per Share Data

Basic income per common share is calculated based on the weighted average number of common shares outstanding during the period. Diluted income per common share is computed by dividing income by the weighted average number of common and common equivalent shares outstanding during the period. The Company’s only potentially dilutive common shares are those that result from dilutive common stock options, non-vested stock relating to restricted stock awards, restricted stock units and performance shares.

The following table sets forth the components of the basic and diluted income per share computations (in thousands):

	Three months ended June 30,				Nine months ended June 30,
	2013		2012		2013		2012
Net income from continuing operations available to common shareholders	$	3,178	$	3,174	$	10,846	$	7,275
Basic weighted average shares outstanding		14,413		17,528		14,563		17,505
Dilutive effect of outstanding stock options, non-vested restricted stock, restricted stock units and performance shares		326		119		260		88
Diluted weighted average shares outstanding		14,739		17,647		14,823		17,593

The calculation of weighted average diluted shares outstanding excludes outstanding common stock options associated with the right to purchase 0.3 million and 0.7 million shares for the three months ended June 30, 2013 and 2012, respectively, and 0.5 million and 0.7 million shares for the nine months ended June 30, 2013 and 2012, respectively, as their inclusion would have had an antidilutive effect on diluted income per share.