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Net Income Per Share
12 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Net Income Per Share

15. NET INCOME PER SHARE:

The following is a reconciliation of the shares used in the denominator for calculating basic and diluted net income per share for the fiscal years ended September 30,

 

     2012      2013      2014  

Weighted average common shares outstanding used in calculating basic income per share

     22,740,986         23,253,992         23,916,238   

Effect of dilutive options and non-vested restricted stock awards

     594,932         749,736         739,024   
  

 

 

    

 

 

    

 

 

 

Weighted average common and common equivalent shares used in calculating diluted income per share

     23,335,918         24,003,728         24,655,262   
  

 

 

    

 

 

    

 

 

 

During the fiscal years ended September 30, 2012, 2013, and 2014 there were 1,546,207, 1,728,042, and 1,144,600 weighted average shares of options outstanding, respectively, that were not included in the computation of diluted income per share because the options’ exercise prices were greater than the average market price of our common stock, and therefore, their effect would be anti-dilutive.