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Earnings Per Share | 9 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table is a reconciliation of the numerators and denominators in the net income per common share calculations (in thousands, except per common share data):
| Three months ended June 30, |  | Nine months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |
Net income | $ | 6,727 |  |  | $ | 4,126 |  |  | $ | 18,405 |  |  | $ | 8,160 |
Denominator: |  |  |  |  |  |  |
Denominator for basic net income per common share — weighted average shares outstanding | 35,889 |  |  | 35,131 |  |  | 35,761 |  |  | 34,900 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options and restricted stock units | 928 |  |  | 609 |  |  | 1,077 |  |  | 840 |
Denominator for diluted net income per common share — adjusted weighted average shares | 36,817 |  |  | 35,740 |  |  | 36,838 |  |  | 35,740 |
Net income per common share, basic | $ | 0.19 |  |  | $ | 0.12 |  |  | $ | 0.51 |  |  | $ | 0.23 |
Net income per common share, diluted | $ | 0.18 |  |  | $ | 0.12 |  |  | $ | 0.50 |  |  | $ | 0.23 |
Digi excludes certain stock options and restricted stock unit awards that would have an anti-dilutive effect on our diluted net income per share calculation. For the three months ended June 30, 2023 and 2022, 599,957 and 939,101 shares outstanding were excluded, respectively.

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