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Earnings Per Share
 6 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

C. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 

                                 
    Three Months Ended
March 31,		     Six Months Ended
March 31,		  
    2012     2011     2012     2011  

Numerator:

                                

Net income attributable to Powell Industries, Inc.

   $ 7,411     $ 1,733     $ 5,666     $ 4,165  
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

                                

Weighted average basic shares

     11,762       11,666       11,765       11,653  

Dilutive effect of stock options, restricted stock and restricted stock units

     73       133       71       134  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average diluted shares with assumed conversions

     11,835       11,799       11,836       11,787  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net earnings per share:

                                

Basic

   $ 0.63     $ 0.15     $ 0.48     $ 0.36  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

   $ 0.63     $ 0.15     $ 0.48     $ 0.35  
   

 

 

    

 

 

    

 

 

    

 

 

  

All options were included in the computation of diluted earnings per share for the three and six months ended March 31, 2012 and 2011, respectively, as the options’ exercise price was less than the average market price of our common stock.