Earnings Per Share

9 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table presents reconciliations for the numerators and denominators of basic and diluted earnings per share (“EPS”) for the quarters and nine months ended June 30, 2014 and 2013:

	Quarter Ended June 30,				Nine Months Ended June 30,
	2014		2013		2014		2013
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net Income	$	20,548	$	19,622	$	58,276	$	61,538
Denominator - share:
Basic weighted-average shares	34,210		35,499		34,458		35,400
Effect of dilutive securities	952		886		962		940
Diluted weighted-average shares	35,162		36,385		35,420		36,340
Earnings per share:
Basic	$	0.60	$	0.55	$	1.69	$	1.74
Diluted	$	0.58	$	0.54	$	1.65	$	1.69

We exclude the options to purchase shares of common stock in the computation of the diluted EPS where the options’ exercise prices exceed the average market price of our common stock as their inclusion would be antidilutive. There were approximately 14,000 options excluded for the quarter ended June 30, 2014. There were no options excluded for the quarter ended June 30, 2013. There were approximately 9,000 and 145,000 options excluded for the nine months ended June 30, 2014 and 2013, respectively.