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Net Income (Loss) Per Share
 6 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
12. NET INCOME (LOSS) PER SHARE:

Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share is calculated similarly, except that the calculation includes the dilutive effect of stock options and non-vested restricted stock awards. The following is a reconciliation of the shares used in the denominator for calculating basic and diluted net income (loss) per share:

 

    Three Months Ended
March 31,		     Six Months Ended
March 31,		  
    2013     2014     2013     2014  

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

     23,188,450        23,845,302        23,070,798        23,779,913   

Effect of dilutive options and non-vested restricted stock awards

     830,959        —          —          —     
 

 

 

    

 

 

    

 

 

    

 

 

  

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

     24,019,409        23,845,302        23,070,798        23,779,913   
 

 

 

    

 

 

    

 

 

    

 

 

  

During the three months ended March 31, 2013 there were 1,513,653 weighted average shares of options outstanding that were not included in the computation of diluted income (loss) 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. For the three months ended March 31, 2014 and the six months ended March 31, 2013 and 2014, no options or non-vested restricted stock awards were included in the computation of diluted loss per share because we reported a net loss and the effect of their inclusion would be anti-dilutive.