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Earnings per Share
3 Months Ended
Mar. 31, 2012
Earnings per Share [Abstract]  
Earnings per Share

Note C: Earnings per Share

We compute basic earnings per share on the basis of the weighted average number of shares of common stock outstanding during the period. We compute diluted earnings per share on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and restricted stock awards.

 

Potential common shares are required to be excluded from the computation of diluted earnings per share if the assumed proceeds upon exercise or vest, as defined by FASB ASC 718-10-25, are greater than the cost to re-acquire the same number of shares at the average market price, and therefore the effect would be anti-dilutive.

Components of basic and diluted earnings per share and excluded anti-dilutive potential common shares are as follows:

 

 

                                 
    Three Months Ended     Six Months Ended  
    March 31,     March 31,  
    2012     2011     2012     2011  
    (In thousands, except per share amounts)  

Net income attributable to EZCORP, Inc. (A)

  $ 37,261     $ 31,838     $ 76,613     $ 59,267  
         

Weighted average outstanding shares of common stock (B)

    50,794       49,924       50,573       49,810  

Dilutive effect of stock options and restricted stock

    275       438       314       433  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common stock and common stock equivalents (C)

    51,069       50,362       50,887       50,243  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Basic earnings per share (A/B)

  $ 0.73     $ 0.64     $ 1.51     $ 1.19  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per share (A/C)

  $ 0.73     $ 0.63     $ 1.51     $ 1.18  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Potential common shares excluded from the calculation of diluted earnings per share

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