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Earnings Per Share of Common Stock
 3 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share of Common Stock
Earnings Per Share of Common Stock
 
Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income (loss) per common share reflects the maximum dilution that would have resulted from the assumed exercise and share repurchase related to dilutive stock options and is computed by dividing net income (loss) by the assumed weighted average number of common shares outstanding.
 
We are required to present earnings per share, or EPS, utilizing the two class method because we had outstanding, non-vested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, which are considered participating securities.
 
Basic and diluted earnings per share computations for the Company’s reported net income (loss) attributable to common stockholders are as follows:

 
For the three months ended
 
December 31, 2014
 
December 31, 2013
 
(Amounts in thousands except per share data)
Net income (loss)
$
(437
)
 
$
346

Less: net income (loss) attributable to nonvested common stock
(16
)
 
11

Net income (loss) attributable to common stockholders
$
(421
)
 
$
335

 
 
 
 
Weighted average total shares outstanding – basic
3,625

 
3,545

Less: weighted average non-vested shares outstanding
135

 
114

Weighted average number of common shares outstanding – basic
3,490

 
3,431

Potential common shares from non-vested stock awards and the assumed exercise of stock options
—

 
43

Weighted average common shares outstanding – diluted
3,490

 
3,474

 
 
 
 
Net income (loss) per share – basic
$
(0.12
)
 
$
0.10

Net income (loss) per share – diluted
$
(0.12
)
 
$
0.10


 
All anti-dilutive securities, including certain stock options, are excluded from the diluted income (loss) per share computation. For the three months ended December 31, 2014 and 2013, 43,000 and 49,000 options, respectively, were excluded from the diluted loss per share for the three months ended December 31, 2015 and the net income per share for stock options with an exercise price in excess of fair value for the three months ended December 31, 2014, because the inclusion of those shares in the calculation would have been anti-dilutive.