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Earnings per Share
 3 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
The following table presents reconciliations for the numerators and denominators of basic and diluted earnings per share (“EPS”) for the quarters ended December 31, 2016 and 2015: 
 
Quarter Ended December 31,
 
2016
 
2015
 
(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
 
 
 
Net Income
$
37,901

 
$
19,241

Denominator - share:
 
 
 
Basic weighted-average shares
30,989

 
31,185

Effect of dilutive securities
1,547

 
1,251

Diluted weighted-average shares
32,536

 
32,436

Earnings per share:
 
 
 
Basic
$
1.22

 
$
0.62

Diluted
$
1.16

 
$
0.59


We exclude the options to purchase shares of common stock in the computation of the diluted EPS where the exercise price of the options exceeds the average market price of our common stock as their inclusion would be antidilutive. There were no options excluded for the quarter ended December 31, 2016. There were approximately 15,000 options excluded for the quarter ended December 31, 2015.