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Earnings per Share Data (Tables)
3 Months Ended
Dec. 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 ended December 31, 2017 and 2016:

 

     December 31, 2017      December 31, 2016  

Net income

   $ 2,346,000      $ 1,394,000  
  

 

 

    

 

 

 

Common Shares:

     

Weighted-average common shares outstanding

     14,458,000        14,380,000  

Effect of dilutive stock options

     265,000        209,000  
  

 

 

    

 

 

 

Weighted-average diluted shares outstanding

     14,723,000        14,589,000  
  

 

 

    

 

 

 

Basic:

     

Net income per share

   $ 0.16      $ 0.10  
  

 

 

    

 

 

 

Diluted:

     

Net income per share

   $ 0.16      $ 0.10