Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

 v2.3.0.11
Earnings Per Share
 9 Months Ended
Jun. 30, 2011
Earnings Per Share  
Earnings Per Share

9. Earnings Per Share

 

All common stock share and per share amounts have been adjusted for the two-for-one stock split in June 2011.

 

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

 

 

 

Three Months
Ended June 30,

 

Nine Months
Ended June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Numerator:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

19,960

 

$

16,125

 

$

56,585

 

$

48,716

 

Income (loss) from discontinued operations

 

(68

)

1,200

 

(992

)

(20

)

Net income

 

$

19,892

 

$

17,325

 

$

55,593

 

$

48,696

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

34,708

 

34,847

 

34,496

 

34,952

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Employee stock options and unvested restricted stock units

 

1,095

 

1,161

 

1,116

 

1,078

 

Denominator for diluted earnings per share

 

35,803

 

36,008

 

35,612

 

36,030

 

 

The calculation of dilutive securities did not exclude any of the Company’s vesting or exercisable stock options in any of the periods shown.