Earnings Per Share

6 Months Ended

Mar. 31, 2014

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:



	Three-Months Ended				Six-Months Ended
	March 31,				March 31,
	2014		2013		2014		2013
Numerator:
Net earnings	$	44,798	$	42,446	$	68,181	$	69,814
Denominator:
Basic shares outstanding		66,633		68,737		67,182		68,597
Dilutive effect of stock options and restricted stock		1,272		1,198		1,281		1,234
Diluted shares outstanding		67,905		69,935		68,463		69,831
Income per common share:
Basic earnings per share	$	0.67	$	0.62	$	1.01	$	1.02
Diluted earnings per share	$	0.66	$	0.61	$	1.00	$	1.00

The following stock option grants were outstanding during the three and six-months ended March 31, 2014 and 2013, but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive:



	Three-Months Ended				Six-Months Ended
	March 31,				March 31,
	2014		2013		2014		2013
Options		720		722		244		70
Weighted-average option price	$	41.02	$	34.05	$	41.08	$	37.48

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:



	Three-Months Ended				Six-Months Ended
	March 31,				March 31,
	2014		2013		2014		2013
Weighted-average treasury stock shares held for deferred compensation obligations		225		266		228		270

- Definition

The entire disclosure for earnings per share.

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