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Woodward Just Filed Its Quarterly Report: Note 3. Earnings...

Note 3. Earnings per share

Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted-average number of shares of common stock outstanding for the period.

Diluted earnings per share reflects the weighted-average number of shares outstanding after consideration of the dilutive effect of stock options and restricted stock.

The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share:







Three-Months Ended

Six-Months Ended



March 31,

March 31,



2016

2015

2016

2015

Numerator:

Net earnings

$

40,824

$

43,855

$

66,644

$

87,639

Denominator:

Basic shares outstanding

61,639 65,159 62,351 65,242

Dilutive effect of stock options and restricted stock

1,425 1,381 1,417 1,399

Diluted shares outstanding

63,064 66,540 63,768 66,641

Income per common share:

Basic earnings per share

$

0.66

$

0.67

$

1.07

$

1.34

Diluted earnings per share

$

0.65

$

0.66

$

1.05

$

1.32

The following stock option grants were outstanding during the three and six-months ended March 31, 2016 and 2015, but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive:







Three-Months Ended

Six-Months Ended



March 31,

March 31,



2016

2015

2016

2015

Options

731 698 734 701

Weighted-average option price

$

46.55

$

46.55

$

46.55

$

46.54

The weighted-average shares of common stock outstanding for basic and diluted earnings per share included the weighted-average treasury stock shares held for deferred compensation obligations of the following:







Three-Months Ended

Six-Months Ended



March 31,

March 31,



2016

2015

2016

2015

Weighted-average treasury stock shares held for deferred compensation obligations

185 202 181 201

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Woodward Reports Second Quarter Fiscal Year 2016 Results - April 19, 2016
Woodward director was just granted 387 restricted shares - April 8, 2016