XML 48 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per Share and Dividends per Share
9 Months Ended
Jun. 30, 2014
Text Block [Abstract]  
Earnings per Share and Dividends per Share

(7) Earnings per Share and Dividends per Share

Basic earnings per share is determined by dividing net earnings by the weighted average number of shares of common stock outstanding, while diluted earnings per share is determined by dividing net earnings by the weighted average number of shares of common stock outstanding adjusted for the dilutive effect of common stock equivalents.

All common stock equivalents were dilutive and therefore included in the diluted earnings per share calculation for the nine months ended June 30, 2014. There were 193,505 common stock equivalents, consisting of unexercised options, excluded from the per share calculation for the nine months ended June 30, 2013 because they were anti-dilutive.

Quarterly cash dividends of $0.03125, $0.04, and $0.04 per share, respectively, were paid on December 9, 2013 to shareholders of record as of November 15, 2013, on March 10, 2014 to shareholders of record as of February 14, 2014, and on June 12, 2014 to shareholders of record as of May 20, 2014.