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EARNINGS PER SHARE
 6 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE

The following table presents the computation of basic and diluted earnings per share:
 
Three months ended March 31,
 
Six months ended March 31,
 
2015
 
2014
 
2015
 
2014
 
(in thousands, except per share amounts)
Income for basic earnings per common share:
 
 
 
 
 
 
 
Net income attributable to RJF
$
113,463

 
$
104,560

 
$
239,759

 
$
221,193

Less allocation of earnings and dividends to participating securities (1)
(371
)
 
(656
)
 
(823
)
 
(1,530
)
Net income attributable to RJF common shareholders
$
113,092

 
$
103,904

 
$
238,936

 
$
219,663

 
 
 
 
 
 
 
 
Income for diluted earnings per common share:
 

 
 

 
 
 
 
Net income attributable to RJF
$
113,463

 
$
104,560

 
$
239,759

 
$
221,193

Less allocation of earnings and dividends to participating securities (1)
(364
)
 
(642
)
 
(803
)
 
(1,500
)
Net income attributable to RJF common shareholders
$
113,099

 
$
103,918

 
$
238,956

 
$
219,693

 
 
 
 
 
 
 
 
Common shares:
 

 
 

 
 
 
 
Average common shares in basic computation
142,320

 
139,888

 
141,813

 
139,498

Dilutive effect of outstanding stock options and certain restricted stock units
3,730

 
3,748

 
4,375

 
3,567

Average common shares used in diluted computation
146,050

 
143,636

 
146,188

 
143,065

 
 
 
 
 
 
 
 
Earnings per common share:
 

 
 

 
 
 
 
Basic
$
0.79

 
$
0.74

 
$
1.68

 
$
1.57

Diluted
$
0.77

 
$
0.72

 
$
1.64

 
$
1.54

Stock options and certain restricted stock units excluded from weighted-average diluted common shares because their effect would be antidilutive
2,062

 
228

 
2,294

 
527


(1)
Represents dividends paid during the period to participating securities plus an allocation of undistributed earnings to participating securities.  Participating securities represent unvested restricted stock and certain restricted stock units and amounted to weighted-average shares of 472 thousand and 896 thousand for the three months ended March 31, 2015 and 2014, respectively. Participating securities amounted to weighted-average shares of 493 thousand and 976 thousand for the six months ended March 31, 2015 and 2014, respectively. Dividends paid to participating securities amounted to $81 thousand and $133 thousand for the three months ended March 31, 2015 and 2014, respectively.  Dividends paid to participating securities amounted to $159 thousand and $286 thousand for the six months ended March 31, 2015 and 2014, respectively.  Undistributed earnings are allocated to participating securities based upon their right to share in earnings if all earnings for the period had been distributed.

Dividends per common share declared and paid are as follows:
 
Three months ended March 31,
 
Six months ended March 31,
 
2015
 
2014
 
2015
 
2014
Dividends per common share - declared
$
0.18

 
$
0.16

 
$
0.36

 
$
0.32

Dividends per common share - paid
$
0.18

 
$
0.16

 
$
0.34

 
$
0.30