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Net Income Per Share
12 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Net Income Per Share

15.  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 for the fiscal years ended September 30,

 

 

 

2017

 

 

2018

 

 

2019

 

Weighted average common shares outstanding used in

   calculating basic income per share

 

 

23,966,611

 

 

 

22,269,378

 

 

 

22,294,114

 

Effect of dilutive options and non-vested restricted

   stock awards

 

 

712,189

 

 

 

761,284

 

 

 

587,033

 

Weighted average common and common equivalent shares

   used in calculating diluted income per share

 

 

24,678,800

 

 

 

23,030,662

 

 

 

22,881,147

 

 

During the fiscal years ended September 30, 2017, 2018, and 2019 there were 18,526, 1,288, and 10,988 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.