Earnings per Share

3 Months Ended

Dec. 31, 2018

The following table presents reconciliations for the numerators and denominators of basic and diluted earnings per share (“EPS”) for the quarters ended December 31, 2018 and 2017:



	Quarter Ended December 31,
	2018		2017
			As Adjusted
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net Income	$	40,007	$	32,879
Denominator - share:
Basic weighted-average shares	28,961		30,078
Effect of dilutive securities	1,375		1,483
Diluted weighted-average shares	30,336		31,561
Earnings per share:
Basic	$	1.38	$	1.09
Diluted	$	1.32	$	1.04

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 no options excluded for the quarter ended December 31, 2018. There were approximately 3,000 options excluded for the quarter ended December 31, 2017.