Earnings per Share

3 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 3: EARNINGS PER SHARE

The two-class method is utilized for the computation of earnings per share. The two-class method requires a portion of net income to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Income allocated to these participating securities is excluded from net earnings allocated to common shares. There were no participating securities outstanding during the quarters ended December 31, 2014 and 2013.

We compute basic earnings per share on the basis of the weighted-average number of shares of common stock outstanding during the period. We compute diluted earnings per share on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include restricted stock awards and warrants.

Potential common shares are required to be excluded from the computation of diluted earnings per share if the assumed proceeds upon exercise or vest, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 718-10-25, are greater than the cost to re-acquire the same number of shares at the average market price, and therefore the effect would be anti-dilutive.

Components of basic and diluted earnings per share and excluded anti-dilutive potential common shares are as follows:

	Three Months Ended December 31,
	2014		2013
	(in thousands, except per share amounts)
Net income from continuing operations attributable to EZCORP (A)	$	14,217	$	26,063
Income (loss) from discontinued operations, net of tax (B)	1,043		(3,494		)
Net income attributable to EZCORP (C)	$	15,260	$	22,569
Weighted-average outstanding shares of common stock (D)	53,650		54,332
Dilutive effect of restricted stock	48		30
Weighted-average common stock and common stock equivalents (E)	53,698		54,362
Basic earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	0.26	$	0.48
Discontinued operations (B / D)	0.02		(0.06		)
Basic earnings per share (C / D)	$	0.28	$	0.42
Diluted earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	0.26	$	0.48
Discontinued operations (B / E)	0.02		(0.06		)
Diluted earnings per share (C / E)	$	0.28	$	0.42
Potential common shares excluded from the calculation of diluted earnings per share:
Restricted stock	—		257
Warrants	14,317		—
Total potential common shares excluded	14,317		257