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Earnings per Share
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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| Earnings per Share | Earnings per Share Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding for the period. Diluted net income per share reflects the assumed conversion of all dilutive securities, if any. For the three months and nine months ended June 30, 2013, 928,956 shares and 1,135,211 shares, respectively, and for the three months and nine months ended June 30, 2012, 1,057,814 shares and 1,248,195 shares, respectively, which could be issued under outstanding stock-based grants, were not included in the determination of our diluted shares outstanding as they were anti-dilutive. The calculation of the weighted average number of shares outstanding used in computing basic and diluted net income per share was as follows:
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