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Earnings Per Share | 3 Months Ended
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Dec. 31, 2016
Earnings Per Share |
Earnings Per Share | 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 and restricted stock. The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share: ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Three-Months Ended
﻿ |  | December 31,
﻿ |  | 2016 |  | 2015
﻿Numerator: |  |  |  |  |  |
﻿Net earnings |  | $ | 46,548 |  | $ | 25,820
﻿Denominator: |  |  |  |  |  |
﻿Basic shares outstanding |  |  | 61,559 |  |  | 63,054
﻿Dilutive effect of stock options and restricted stock |  |  | 2,112 |  |  | 1,398
﻿Diluted shares outstanding |  |  | 63,671 |  |  | 64,452
﻿Income per common share: |  |  |  |  |  |
﻿Basic earnings per share |  | $ | 0.76 |  | $ | 0.41
﻿Diluted earnings per share |  | $ | 0.73 |  | $ | 0.40
There were no stock option grants outstanding during the three-months ended December 3 1, 2016 or 2015 that were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. ﻿ ﻿ ﻿ 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
﻿ |  | December 31,
﻿ |  | 2016 |  | 2015
﻿Weighted-average treasury stock shares held for deferred compensation obligations |  |  | 170 |  |  | 184
﻿ ﻿

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