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Earnings Per Share of Common Stock | 9 Months Ended
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Jun. 30, 2024
Earnings Per Share of Common Stock |
Earnings Per Share of Common Stock | 3. Earnings Per Share of Common Stock Basic net income (loss) per common share is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income per share includes the dilutive effect of restricted stock, if any, calculated using the treasury stock method. For unvested restricted stock, assumed proceeds under the treasury stock method would include unamortized compensation cost. Net losses are not allocated to participating share-based payment awards, which include the non-vested shares outstanding. We are required to present earnings per share (“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 attributable to common stockholders are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Nine Months Ended
​ | ​ | June 30, | ​ | June 30, | ​ | June 30, | ​ | June 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
​ | ​ | (Amounts in thousands except per share data)
Net (loss) income |  | $ | (185) |  | $ | 2,514 |  | $ | 1,330 |  | $ | 3,796
Less: net income attributable to nonvested common stock |  | ​ | — |  | ​ | (159) |  | ​ | (86) |  | ​ | (232)
Net (loss) income attributable to common shareholders | ​ | $ | (185) |  | $ | 2,355 | ​ | $ | 1,244 |  | $ | 3,564
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average total shares outstanding - basic(1) | ​ |  | 9,110 |  |  | 9,420 | ​ | ​ | 9,641 | ​ | ​ | 9,301
Less: weighted average non–vested shares outstanding(1) | ​ |  | — |  |  | (594) | ​ | ​ | (627) | ​ | ​ | (570)
Weighted average number of common shares outstanding - basic(1) | ​ |  | 9,110 |  |  | 8,826 | ​ | ​ | 9,014 |  | ​ | 8,731
Add: potential common shares from non-vested stock awards(1) | ​ |  | — |  |  | 206 | ​ | ​ | 396 |  | ​ | 139
Weighted average common shares outstanding - diluted(1) | ​ |  | 9,110 |  |  | 9,032 | ​ | $ | 9,410 |  | ​ | 8,870
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) income per common share - basic(1) | ​ | $ | (0.02) | ​ | $ | 0.27 | ​ | $ | 0.14 | ​ | $ | 0.41
Net (loss) income per common share - diluted(1) | ​ | $ | (0.02) | ​ | $ | 0.26 | ​ | $ | 0.13 | ​ | $ | 0.40
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) Retroactively adjusted for the effects of a two for one stock split effected in the form of a 100% stock dividend (see Note 1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ Anti-dilutive securities include restricted stock, which are excluded from the diluted income per share computation. There were anti-dilutive securities for the three months ended June 30, 2024 of $193 thousand.

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