Net Income Per Share

9 Months Ended

Jun. 30, 2016

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,
	2015		2016		2015		2016
Weighted average common shares outstanding used in calculating basic income per share		24,654,076		24,159,070		24,491,338		24,175,671
Effect of dilutive options and non-vested restricted stock awards		662,016		572,319		684,200		534,556
Weighted average common and common equivalent shares used in calculating diluted income per share		25,316,092		24,731,389		25,175,538		24,710,227

For the three months ended June 30, 2015 and 2016, there were 1,280,182 and 1,425,385 weighted average shares related to 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, would have an anti-dilutive. For the nine months ended June 30, 2015 and 2016, there were 2,280,887 and 1,420,224 weighted average shares related to 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, would have an anti-dilutive effect.