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Earnings per Share Data (Tables)
9 Months Ended
Jun. 30, 2018
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 nine months ended June 30, 2018 and 2017:

 

     Quarter Ended June 30,      Nine Months Ended June 30,  
     2018      2017      2018      2017  

Net Income

   $ 2,682,000      $ 2,588,000      $ 8,791,000      $ 7,397,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Common Shares:

           

Weighted average common shares outstanding

     14,492,000        14,400,000        14,477,000        14,390,000  

Effect of dilutive stock options

     232,000        299,000        247,000        290,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted shares outstanding

     14,724,000        14,699,000        14,724,000        14,680,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic:

           

Net earnings per share

   $ 0.19      $ 0.18      $ 0.61      $ 0.51  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted:

           

Net earnings per share

   $ 0.18      $ 0.18      $ 0.60      $ 0.50