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Net Income Per Share
12 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Net Income Per Share

18. NET INCOME PER SHARE:

The following table presents shares used in the calculation of basic and diluted net income per share for the fiscal years ended September 30,

 

 

2021

 

 

2022

 

 

2023

 

Weighted average common shares outstanding used in
   calculating basic net income per share

 

 

22,010,130

 

 

 

21,706,225

 

 

 

21,852,425

 

Effect of dilutive options and non-vested restricted
   stock awards

 

 

849,368

 

 

 

692,984

 

 

 

576,956

 

Weighted average common and common equivalent
   shares used in calculating diluted net income per share

 

 

22,859,498

 

 

 

22,399,209

 

 

 

22,429,381

 

For the fiscal years ended September 30, 2021, 2022, and 2023 there were 1,619, 71,976 and 10,963 weighted average shares of options outstanding and non-vested restricted stock outstanding, respectively, that were not included in the computation of diluted net income per share because the options’ exercise prices or non-vested restricted stock prices were greater than the average market price of our common stock, and therefore, their effect would be anti-dilutive.