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Earnings Per Common Share (Tables)
12 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Calculation of Weighted Average Common Shares and Common Equivalent Shares Outstanding

The following table summarizes the calculation of net earnings and weighted average common shares and common equivalent shares outstanding for purposes of the computation of earnings per share (in thousands, except share and per share amounts):

 

 

YEAR ENDED SEPTEMBER 30,

 

 

2014

 

 

2013

 

 

2012

 

Net income

$

36,911

 

 

$

69,557

 

 

$

35,118

 

Less:  Income allocable to unvested restricted stock

 

(444

)

 

 

 

 

 

 

Income available to common shareholders

 

36,467

 

 

 

69,557

 

 

 

35,118

 

Reallocation of participating earnings

 

2

 

 

 

 

 

 

 

Income attributable to common shareholders for diluted earnings per share

$

36,469

 

 

$

69,557

 

 

$

35,118

 

Weighted average number of common share equivalents:

 

 

 

 

 

 

 

 

 

 

 

Common shares used in basic earnings per share

 

12,950,958

 

 

 

12,886,372

 

 

 

12,735,520

 

Common share equivalents outstanding related to stock options

 

46,051

 

 

 

52,289

 

 

 

100,719

 

Total weighted average common shares and common share equivalents used in diluted earnings per share

 

12,997,009

 

 

 

12,938,661

 

 

 

12,836,239

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

2.82

 

 

$

5.40

 

 

$

2.76

 

Diluted

$

2.81

 

 

$

5.38

 

 

$

2.74