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Earnings Per Share
 9 Months Ended
Jun. 30, 2013
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

 

Nine Months Ended

 

June 30,

 

June 30,

 

2013

 

2012

 

2013

 

2012

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income

$
9,305 

 

$
12,138 

 

$
23,508 

 

$
17,804 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares

 
11,941 

 

 
11,812 

 

 
11,932 

 

 
11,782 

Dilutive effect of stock options and restricted stock units

 
75 

 

 
49 

 

 
75 

 

 
52 

Weighted average diluted shares with assumed conversions

 
12,016 

 

 
11,861 

 

 
12,007 

 

 
11,834 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$
0.78 

 

$
1.03 

 

$
1.97 

 

$
1.51 

Diluted

$
0.77 

 

$
1.02 

 

$
1.96 

 

$
1.50 

 

All options were included in the computation of diluted earnings per share for the three and nine months ended June 30, 2012, as the options' exercise price was less than the average market price of our common stock.  All outstanding options expired in June 2012.