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Per Share Information
 3 Months Ended
Dec. 31, 2012
Per Share Information [Abstract]  
Per Share Information

5. PER SHARE INFORMATION

 

Basic earnings per share is calculated as income (loss) available to common stockholders, divided by the weighted average number of common shares outstanding during the period. If the effect is dilutive, participating securities are included in the computation of basic earnings per share. Our participating securities do not have a contractual obligation to share in the losses in any given period. As a result, these participating securities will not be allocated any losses in the periods of net losses, but will be allocated income in the periods of net income using the two-class method.

The following table reconciles the components of the basic and diluted income (loss) per share for the three months ended December 31, 2012 and 2011:

  Three Months Ended December 31,
  2012 2011
Numerator:      
Net income from continuing operations attributable to common shareholders $ 623 $ 192
Net income from continuing operations attributable to restricted shareholders   10   -
Net income from continuing operations $ 633 $ 192
Net loss from discontinued operations attributable to common shareholders $ (123) $ (3,913)
Net income (loss) from discontinued operations attributable to restricted shareholders   -   -
Net loss from discontinued operations $ (123) $ (3,913)
Net income (loss) attributable to common shareholders $ 500 $ (3,721)
Net income attributable to restricted shareholders   10   -
Net income (loss) $ 510 $ (3,721)
       
Denominator:      
Weighted average common shares outstanding — basic   14,801,903   14,569,089
Effect of dilutive stock options and non-vested restricted stock   117,286   -
Weighted average common and common equivalent shares outstanding — diluted   14,919,189   14,569,089
       
Basic income (loss) per share:      
Basic income per share from continuing operations $0.04 $0.01
Basic loss per share from discontinued operations $(0.01) $(0.27)
Basic income (loss) per share $0.03 $(0.26)
Diluted income (loss) per share:      
Diluted income per share from continuing operations $0.04 $0.01
Diluted loss per share from discontinued operations $(0.01) $(0.27)
Diluted income (loss) per share $0.03 $(0.26)

For the three months ended December 31, 2012 and 2011, zero and 20,000 stock options, respectively, were excluded from the computation of fully diluted earnings per share because the exercise prices of the options were greater than the average price of our common stock. For the three months ended December 31, 2012 and 2011, zero and 388,860 shares, respectively, of restricted stock were excluded from the computation of fully diluted earnings per share because we reported a loss from continuing operations.