Earnings Per Share

12 Months Ended

Sep. 30, 2013

Note 3. Earnings per share

Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted-average number of shares of common stock outstanding for the period.

Diluted earnings per share reflects the weighted-average number of shares outstanding after consideration of the dilutive effect of stock options.

The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share:



	Year Ended September 30,
	2013		2012		2011
Numerator:
Net earnings	$	145,942	$	141,589	$	132,235
Denominator:
Basic shares outstanding		68,392		68,880		68,797
Dilutive effect of stock options		1,210		1,427		1,343
Diluted shares outstanding		69,602		70,307		70,140
Income per common share:
Basic earnings per share	$	2.13	$	2.06	$	1.92
Diluted earnings per share	$	2.10	$	2.01	$	1.89

The following stock option grants were outstanding during the fiscal years ended September 30, 2013, 2012 and 2011, but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive:



	Year Ended September 30,
	2013		2012		2011
Options		44		50		684
Weighted-average option price	$	40.21	$	36.33	$	32.04

The weighted-average shares of common stock outstanding for basic and diluted earnings per share included the weighted-average treasury stock shares held for deferred compensation obligations of the following:



	Year Ended September 30,
	2013		2012		2011
Weighted-average treasury stock shares held for deferred compensation obligations		256		295		335

- Definition

The entire disclosure for earnings per share.

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