v2.4.0.6
Net Earnings per Common Share
 6 Months Ended
Dec. 31, 2011
Net Earnings per Common Share [Abstract]  
Net Earnings per Common Share

11. Net Earnings per Common Share

Basic net earnings per common share is based on the weighted-average number of common shares outstanding during each reporting period. Diluted net earnings per common share is based on the weighted-average number of common shares outstanding during each reporting period, plus, when their effect is dilutive, potential common shares consisting of common shares underlying certain unexercised stock options and unvested time-based and performance-based RSUs.

The following table presents a reconciliation of the denominator used for each period in computing basic and diluted earnings per common share, with common shares in the table represented in thousands:

 

      September 30,       September 30,       September 30,       September 30,  
    Second Quarter     First Half  
    Fiscal 2012     Fiscal 2011     Fiscal 2012     Fiscal 2011  

Numerator:

                                

Net earnings

   $ 6,351     $ 4,312     $ 13,241     $ 8,416  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Denominator:

                                

Weighted-average common shares outstanding

     11,179       11,090       11,157       11,067  

Effect of potentially dilutive securities: stock options and RSUs

     185       130       177       127  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding, assuming dilution

     11,364       11,220       11,334       11,194  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Basic net earnings per common share

   $ 0.57     $ 0.39     $ 1.19     $ 0.76  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted net earnings per common share

   $ 0.56     $ 0.38     $ 1.17     $ 0.75  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

The Company excluded stock options to purchase approximately five thousand common shares from the calculation of diluted net earnings per share for the second quarter of fiscal 2012, due to the anti-dilutive nature of these stock options measured using the average market prices of the underlying common shares. All stock options outstanding as of January 1, 2011 were dilutive and were included in the calculation of the potentially dilutive securities for the second quarter and first half of fiscal 2011.