Net Income Per Share

9 Months Ended

Jun. 30, 2015

13.	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:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2014		2015		2014		2015
Weighted average common shares outstanding used in calculating basic income per share		24,012,991		24,654,076		23,857,606		24,491,338
Effect of dilutive options and non-vested restricted stock awards		706,378		662,016		744,106		684,200
Weighted average common and common equivalent shares used in calculating diluted income (loss) per share		24,719,369		25,316,092		24,601,712		25,175,538

For the three months ended June 30, 2014 and 2015, there were 865,864 and 1,280,182 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. For the nine months ended June 30, 2014 and 2015, there were 1,155,397 and 2,280,887 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.