XML 33 R22.htm IDEA: XBRL DOCUMENT v3.20.4
Net Income Per Share
 3 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Income Per Share

15.

NET INCOME PER SHARE:

The following table presents shares used in the calculation of basic and diluted net income per share:

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2019

 

 

2020

 

Weighted average common shares outstanding used in

   calculating basic income per share

 

 

21,453,914

 

 

 

22,025,898

 

Effect of dilutive options and non-vested restricted stock

   awards

 

 

436,151

 

 

 

719,227

 

Weighted average common and common equivalent shares

   used in calculating diluted income per share

 

 

21,890,065

 

 

 

22,745,125

 

 

 

For the three months ended December 31, 2019 and 2020, there were 32,366 and 30,807 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.