Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.3.0.15
Earnings Per Share
 12 Months Ended
Sep. 30, 2011
Earnings Per Share  
Earnings Per Share

4. 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):

 

 

 

Year ended September 30,

 

 

 

2011

 

2010

 

2009

 

Numerator:

 

 

 

 

 

 

 

Income from continuing operations

 

$

82,142

 

$

69,397

 

$

53,841

 

Income (loss) from discontinued operations

 

(974

)

1,012

 

(7,301

)

Net income

 

$

81,168

 

$

70,409

 

$

46,540

 

Denominator:

 

 

 

 

 

 

 

Weighted average shares outstanding

 

34,417

 

34,827

 

35,141

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Employee stock options and unvested restricted stock awards

 

1,114

 

1,103

 

632

 

Denominator for diluted earnings per share

 

35,531

 

35,930

 

35,773

 

 

For the year ended September 30, 2011, 15,000 unvested restricted stock units were excluded from the calculation of diluted earnings per share as the effect of including them would be anti-dilutive. No shares were excluded from the computation in computing earnings per share in the years ended September 30, 2010 or 2009.