Earnings per Share

3 Months Ended

Dec. 31, 2021

Basic net income per share is computed by dividing net income for the period by the weighted average number of shares outstanding during the period. Diluted net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The calculation of diluted net income per share excludes all anti-dilutive common shares.

The computation of basic and diluted net income per share is as follows:


	Three Months Ended December 31,
	2021		2020
Numerator:
Net income	$	3,602	$	4,514
Denominator:
Basic weighted average shares outstanding	32,971,709		33,176,895
Dilutive impact of stock options, RSUs and RSAs	1,897,160		1,734,224
Diluted weighted average shares outstanding	34,868,869		34,911,119
Basic income per common share	$	0.11	$	0.14
Diluted income per common share	$	0.10	$	0.13
Stock options, RSUs and RSAs excluded from income (loss) per diluted share because their effect would have been anti-dilutive	786,593		1,711,221