Earnings Per Share

6 Months Ended

Mar. 31, 2015

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 six months ended March 31, 2015 and 2014:

	Quarter Ended March 31,				Six Months Ended March 31,
	2015		2014		2015		2014
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net Income	$	18,870	$	20,751	$	33,277	$	37,728
Denominator - share:
Basic weighted-average shares	31,335		34,500		31,639		34,705
Effect of dilutive securities	1,113		811		1,152		965
Diluted weighted-average shares	32,448		35,311		32,791		35,670
Earnings per share:
Basic	$	0.60	$	0.60	$	1.05	$	1.09
Diluted	$	0.58	$	0.59	$	1.01	$	1.06

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 46,000 and 14,000 options excluded for the quarters ended March 31, 2015 and 2014, respectively. There were approximately 270,000 and 7,000 options excluded for the six months ended March 31, 2015 and 2014, respectively.