EX-99.1 5 c04757exv99w1.htm PRO-FORMA EFFECTS OF STOCK SPLIT exv99w1
 

Exhibit 99.1
Pro-forma Effects of Stock Split for Financial Statement Periods in
Form 10-K and Form 10-Q that are Incorporated by Reference
     A three-for-one stock split was approved by shareholders at the 2005 annual meeting of shareholders on January 25, 2006. The stock split became effective for shareholders at the close of business on February 1, 2006.
     The Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2005, and the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2005, which are incorporated under Item 3 by reference, were filed with the Securities and Exchange Commission prior to February 1, 2006. Consequently, the weighted-average shares of common stock outstanding and the net earnings per share information in those reports were based on shares outstanding prior to the effects of the three-for-one stock split. The following table presents the pro forma effect the stock split will have on weighted-average shares outstanding and earnings per share for each of the three years ended September 30, 2005, and for the three months ended December 31, 2005 and 2004, in financial statements after the effective date of the stock split.
                         
 
(In thousands except per share amounts)                  
Year ended September 30,   2005     2004     2003  
 
 
                       
Net earnings (A)
  $ 55,971     $ 31,382     $ 12,346  
 
 
                       
Pro forma determination of shares:
                       
 
                       
Weighted-average shares of common stock outstanding (B)
    34,200       33,858       33,738  
 
                       
Assumed exercise of stock options
    927       837       429  
 
 
                       
Weighted-average shares of common stock outstanding assuming dilution (C)
    35,127       34,695       34,167  
 
 
                       
Pro forma net earnings:
                       
Basic per share amount (A/B)
  $ 1.63     $ 0.93     $ 0.37  
Diluted per share amount (A/C)
    1.59       0.90       0.36  
 

 


 

                 
 
    Three months ended  
    December 31,  
(In thousands except per share amounts)   2005     2004  
 
 
               
Net earnings (A)
  $ 12,427     $ 11,995  
 
 
               
Pro forma determination of shares:
               
Weighted-average shares of common stock outstanding (B)
    34,347       33,987  
Assumed exercise of stock options
    825       927  
 
Weighted-average shares of common stock outstanding assuming dilution (C)
    35,172       34,914  
 
Pro forma net earnings:
               
Basic per share amount (A/B)
  $ 0.36     $ 0.35  
Diluted per share amount (A/C)
    0.35       0.34  
 

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