XML 70 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
 12 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

6. Earnings Per Share.

 

The following details the computations of the basic and diluted earnings per common share. (Dollars in thousands, except per share amounts.)

 

   Years Ended September 30
   2012  2011  2010
Common shares:               
                
Weighted average common shares               
 outstanding during the period -               
 shares used for basic earnings               
 per common share   9,360    9,284    9,182 
                
Common shares issuable under share               
 based payment plans which are               
 potentially dilutive   114    167    242 
                
Common shares used for diluted               
 earnings per common share   9,474    9,451    9,424 
                
Net income  $7,808    12,211    7,371 
                
Earnings per common share               
 Basic  $0.83    1.32    0.80 
 Diluted  $0.82    1.29    0.78 

 

For 2012, 2011 and 2010, 164,560, 140,370, and 111,210 shares, respectively, attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For 2010 all outstanding restricted shares were included in the calculation of diluted earnings per common share because the unrecorded compensation and tax benefits to be credited to capital in excess of par for all awards of restricted stock were lower than the average price of the common shares, and therefore were dilutive.