v2.4.0.8
Earnings per Share
9 Months Ended
Jun. 30, 2013
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:
 
 
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
Weighted average number of shares
 
(In thousands)
Basic shares outstanding
 
24,420

 
24,694

 
24,527

 
24,693

Dilutive effect related to employee stock plans
 
160

 
141

 
93

 
132

Diluted shares outstanding
 
24,580

 
24,835

 
24,620

 
24,825