Earnings per Share

6 Months Ended

Mar. 31, 2017

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, 2017 and 2016:



	Quarter Ended March 31,				Six Months Ended March 31,
	2017		2016		2017		2016
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net Income	$	25,084	$	23,116	$	62,985	$	42,357
Denominator - share:
Basic weighted-average shares	31,017		31,268		31,003		31,226
Effect of dilutive securities	1,243		994		1,395		1,123
Diluted weighted-average shares	32,260		32,262		32,398		32,349
Earnings per share:
Basic	$	0.81	$	0.74	$	2.03	$	1.36
Diluted	$	0.78	$	0.72	$	1.94	$	1.31

We exclude the options to purchase shares of common stock in the computation of the diluted EPS where the exercise price of the options exceeds the average market price of our common stock as their inclusion would be antidilutive. There were approximately 34,000 and 21,000 options excluded for the quarters ended March 31, 2017 and 2016, respectively. There were approximately 17,000 and 18,000 options excluded for the six months ended March 31, 2017 and 2016, respectively.