Earnings Per Share

3 Months Ended

Dec. 31, 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 ended December 31, 2014 and 2013:

	Quarter Ended December 31,
	2014		2013
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net Income	$	14,407	$	16,977
Denominator - share:
Basic weighted-average shares	31,936		34,699
Effect of dilutive securities	1,192		1,121
Diluted weighted-average shares	33,128		35,820
Earnings per share:
Basic	$	0.45	$	0.49
Diluted	$	0.43	$	0.47

We exclude the options to purchase shares of common stock in the computation of the diluted EPS where the options’ exercise price exceeds the average market price of our common stock as their inclusion would be antidilutive. There were approximately 493,000 options excluded for the quarter ended December 31, 2014. There were no options excluded for the quarter ended December 31, 2013.