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Per Share Information
 3 Months Ended
Dec. 31, 2014
Per Share Information [Abstract]  
Per Share Information

4. PER SHARE INFORMATION

The following table reconciles the components of the basic and diluted earnings (loss) per share for the three months ended December 31, 2014 and 2013:

Three Months Ended December 31,
20142013
Numerator:
Net earnings from continuing operations attributable to common shareholders$ 3,471 $ 264
Net earnings from continuing operations attributable to restricted shareholders 2 1
Net earnings from continuing operations 3,473 265
Net loss from discontinued operations attributable to common shareholders (181) (141)
Net loss from discontinued operations (181) (141)
Net earnings attributable to common shareholders 3,290 123
Net earnings attributable to restricted shareholders 2 1
Net earnings $ 3,292 $ 124
Denominator:
Weighted average common shares outstanding — basic 21,734,591 18,423,397
Effect of dilutive stock options and non-vested restricted stock 45,137 84,353
Weighted average common and common equivalent shares outstanding — diluted 21,779,728 18,507,750
Basic earnings per share:
From continuing operations$0.16 $0.01
From discontinued operations (0.01) -
Basic earnings per share$ 0.15 $ 0.01
Diluted earnings per share:
From continuing operations$0.16 $0.01
From discontinued operations (0.01) -
Diluted earnings per share$ 0.15 $0.01

For the three months ended December 31, 2013, 150,000 stock options 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, 2014, the average price of our common shares exceeded the exercise price of our options.

On August 7, 2014, we completed a rights offering of common stock to our stockholders at a subscription price that was lower than the market price of our common stock at closing of the offering. For information on the rights offering, please see “Note 11 – Stockholders Equity” in our Form 10-K. The rights offering was deemed to contain a bonus element that is similar to a stock dividend, requiring us to adjust the weighted average number of common shares used to calculate basic and diluted earnings per share in prior periods retrospectively by a factor of 1.0340. Basic and diluted weighted average shares for the three months ended December 31, 2013 prior to giving effect to the rights offering were 17,817,254 and 17,898,832, respectively.