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Earnings per Share Data (Tables)
6 Months Ended
Mar. 31, 2019
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, 2019 and 2018:

 

     Quarter Ended March 31,      Six Months Ended March 31,  
     2019      2018      2019      2018  

Net Income

   $ 7,460,000      $ 3,764,000      $ 7,773,000      $ 6,110,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Common Shares:

           

Weighted average common shares outstanding

     14,541,000        14,482,000        14,541,000        14,470,000  

Effect of dilutive stock options

     167,000        246,000        164,000        255,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted shares outstanding

     14,708,000        14,728,000        14,705,000        14,725,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic:

           

Net earnings per share

   $ 0.51      $ 0.26      $ 0.53      $ 0.42  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted:

           

Net earnings per share

   $ 0.51      $ 0.26      $ 0.53      $ 0.41