Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 12 Months Ended
Sep. 30, 2014
Earnings Per Share  
Earnings Per Share

3. Earnings per share

        The following table sets forth the components of basic and diluted earnings per share (in thousands):

                                                                                                                                                                                                             

 

 

Year ended September 30,

 

 

 

2014

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net income

 

$
145,396

 

$
117,349

 

$
75,831

 

Loss/(income) attributable to noncontrolling interests

 

 
44

 

 
(618

)

 
302

 

 

 

 

 

 

 

 

 

Net income attributable to MAXIMUS

 

$
145,440

 

$
116,731

 

$
76,133

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 
67,680

 

 
68,165

 

 
67,734

 

Effect of employee stock options and unvested restricted stock awards

 

 
1,407

 

 
1,728

 

 
1,877

 

 

 

 

 

 

 

 

 

Denominator for diluted earnings per share

 

 
69,087

 

 
69,893

 

 
69,611

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        For the year ended September 30, 2014, 286,000 unvested restricted stock units have been excluded from the calculation of diluted earnings per share as the effect of including them would have been anti-dilutive. The number of unvested restricted stock units excluded from the calculations in earlier years is immaterial.