Net Income Per Share

3 Months Ended

Dec. 31, 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 December 31,
	2015		2016
Weighted average common shares outstanding used in calculating basic income per share		24,213,134		24,249,739
Effect of dilutive options and non-vested restricted stock awards		529,196		673,386
Weighted average common and common equivalent shares used in calculating diluted income per share		24,742,330		24,923,125

For the three months ended December 31, 2015 and 2016, there were 1,174,790 and 52,435 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.