Net Income Per Share

3 Months Ended

Dec. 31, 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 December 31,
	2014		2015
Weighted average common shares outstanding used in calculating basic income per share		24,278,586		24,213,134
Effect of dilutive options and non-vested restricted stock awards		669,382		488,866
Weighted average common and common equivalent shares used in calculating diluted income per share		24,947,968		24,702,000

For the three months ended December 31, 2014 and 2015, there were 806,086 and 1,174,790 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.