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Earnings Per Share | 6 Months Ended
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Mar. 31, 2025
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 March 31, |  | Six months ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net income | $ | 10,497 |  |  | $ | 3,994 |  |  | $ | 20,580 |  |  | $ | 940 |
Denominator: |  |  |  |  |  |  |
Denominator for basic net income per common share — weighted average shares outstanding | 36,956 |  |  | 36,296 |  |  | 36,816 |  |  | 36,212 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options and restricted stock units | 564 |  |  | 678 |  |  | 737 |  |  | 643 |
Denominator for diluted net income per common share — adjusted weighted average shares | 37,520 |  |  | 36,974 |  |  | 37,553 |  |  | 36,855 |
Net income per common share, basic | $ | 0.28 |  |  | $ | 0.11 |  |  | $ | 0.56 |  |  | $ | 0.03 |
Net income per common share, diluted | $ | 0.28 |  |  | $ | 0.11 |  |  | $ | 0.55 |  |  | $ | 0.03 |
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 March 31, 2025 and 2024, 348,553 and 583,062 shares outstanding were excluded, respectively.

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