Income per Share

9 Months Ended

Jun. 30, 2013

Income per Share

Income per Share

5. Income per Share

Income per share (“EPS”) is calculated using the principles of FASB ASC Topic 260, Earnings Per Share (“ASC Topic 260”).

For the three and nine month periods ended June 30, 2013, the Common Stock Equivalent related to approximately 808,000 and 278,000 options to purchase common stock were included in the computations of diluted EPS.  For the three and nine months ended June 30, 2012, no Common Stock Equivalent related to options to purchase common stock were included in the computations of diluted EPS.

For the three and nine month periods ended June 30, 2013, the common stock equivalents related to approximately 92,000 and 564,000 options to purchase common stock were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive.  For the three and nine month periods ended June 30, 2012, the common stock equivalents related to approximately 806,000 and 658,000 options to purchase common stock were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive.