XML 26 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings per Share Data (Tables)
6 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the quarters and six months ended March 31, 2017 and 2016:

 

     Quarter Ended March 31,      Six Months Ended March 31,  
     2017      2016      2017      2016  

Net Income

   $ 3,415,000      $ 1,630,000      $ 4,809,000      $ 3,205,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Common Shares:

           

Weighted average common shares outstanding

     14,390,000        14,320,000        14,384,000        14,314,000  

Effect of dilutive stock options

     207,000        169,000        210,000        146,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted shares outstanding

     14,597,000        14,489,000        14,594,000        14,460,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic:

           

Net earnings per share

   $ 0.24      $ 0.11      $ 0.33      $ 0.22  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted:

           

Net earnings per share

   $ 0.23      $ 0.11      $ 0.33      $ 0.22