EARNINGS PER SHARE:

12 Months Ended

Sep. 30, 2012

EARNINGS PER SHARE:

EARNINGS PER SHARE:

4. EARNINGS PER SHARE:

Basic earnings per share available to common shareholders is calculated by dividing net income less preferred stock dividend requirements by the weighted average common shares outstanding for each period. Diluted earnings per share available to common shareholders is calculated by dividing income from operations less preferred stock dividend requirements (when anti-dilutive) by the sum of the weighted average common shares outstanding and the weighted average dilutive options, using the treasury stock method. Shares of common stock underlying outstanding stock options and restricted stock unit awards at September 2012 that were anti-dilutive were not included in the computations of diluted earnings per share. Such anti-dilutive awards relating to a total of 5,950 shares of common stock having an average exercise price of $54.53 per share were excluded from the computation of diluted earnings per share at September 2012. There were no anti-dilutive stock options or potential common stock options at September 2011.

	For Fiscal Years
	2012 Basic			2011 Basic
Weighted average number of shares outstanding		614,046			594,185
Income from operations	$	7,367,562		$	8,064,036
Deduct: convertible preferred stock dividends		(269,095	)		(286,397	)
Net income available to common shareholders	$	7,098,467		$	7,777,639
Net earnings per share available to common shareholders	$	11.56		$	13.09

	2012 Diluted		2011 Diluted
Weighted average common shares outstanding		614,046		594,185
Weighted average of net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock(1)		170,062		178,404
Weighted average number of shares outstanding		784,108		772,589
Income from operations	$	7,367,562	$	8,064,036
Deduct: convertible preferred stock dividends(2)		—		—
Net income available to common shareholders	$	7,367,562	$	8,064,036
Net earnings per share available to common shareholders	$	9.40	$	10.44

(1)

Diluted earnings per share calculation includes all stock options, convertible preferred stock, and restricted stock units deemed to be dilutive.

(2)

Diluted earnings per share calculation excludes dividend payments for convertible preferred stock deemed to be dilutive, as those amounts are assumed to have been converted to common stock of the Company.