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Earnings Per Share
 12 Months Ended
Sep. 30, 2013
Earnings Per Share

15. Earnings Per Share

The following table reconciles the numerators and denominators of basic and diluted earnings per share (“EPS”) during fiscal 2013, 2012 and 2011:

 

     Year Ended September 30,  
     2013      2012      2011  
     (In thousands, except per share data)  

Numerator for basic and diluted earnings per share — net income

    $ 90,095       $ 92,004       $ 71,562   
  

 

 

     

 

 

     

 

 

  

Denominator — share:

         

Basic weighted-average shares

      35,332         34,909         39,359   

Effect of dilutive securities

      960         1,154         629   
  

 

 

     

 

 

     

 

 

  

Diluted weighted-average shares

      36,292         36,063         39,988   
  

 

 

     

 

 

     

 

 

  

Earnings per share:

         

Basic

    $ 2.55       $ 2.64       $ 1.82   
  

 

 

     

 

 

     

 

 

  

Diluted

    $ 2.48       $ 2.55       $ 1.79   
  

 

 

     

 

 

     

 

 

  

The computation of diluted EPS excludes options to purchase approximately 111,000, 1,420,000, and 3,598,000 shares of common stock for fiscal 2013, 2012 and 2011, respectively, because the options’ exercise prices exceeded the average market price of our common stock in these fiscal years and their inclusion would be antidilutive.