XML 24 R9.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings Per Share
 9 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

B. EARNINGS PER SHARE

We compute basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common share includes the weighted average of additional shares associated with the incremental effect of dilutive restricted stock and restrictive stock units, as prescribed by the FASB guidance on earnings per share.

The following table reconciles basic and diluted weighted average shares used in the computation of earnings per share (in thousands, except per share data):

 

Three months ended June 30,

 

 

Nine months ended June 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

7,049

 

 

$

2,947

 

 

$

3,127

 

 

$

17,190

 

Income from discontinued operations

 

—

 

 

 

—

 

 

 

—

 

 

 

9,604

 

Net income

$

7,049

 

 

$

2,947

 

 

$

3,127

 

 

$

26,794

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares

 

11,802

 

 

 

12,015

 

 

 

11,953

 

 

 

12,004

 

Dilutive effect of restricted stock units

 

43

 

 

 

60

 

 

 

38

 

 

 

59

 

Weighted average diluted shares with assumed conversions

 

11,845

 

 

 

12,075

 

 

 

11,991

 

 

 

12,063

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

0.60

 

 

$

0.25

 

 

$

0.26

 

 

$

1.43

 

Discontinued operations

 

—

 

 

 

—

 

 

 

—

 

 

 

0.80

 

Basic earnings per share

$

0.60

 

 

$

0.25

 

 

$

0.26

 

 

$

2.23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

0.60

 

 

$

0.24

 

 

$

0.26

 

 

$

1.43

 

Discontinued operations

 

—

 

 

 

—

 

 

 

—

 

 

 

0.80

 

Diluted earnings per share

$

0.60

 

 

$

0.24

 

 

$

0.26

 

 

$

2.23