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EARNINGS PER SHARE | 6 Months Ended
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Mar. 31, 2018
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE D - EARNINGS PER SHARE Basic and diluted earnings per share for the three and six months ended March 31, 2018 and 2017 were calculated by dividing net income by the weighted-average number of shares outstanding for the period considering the effect of dilutive equity options and stock awards for the diluted earnings per share calculations.
|  | For the Three Months |  |  | For the Six Months |
|  | Ended March 31, |  |  | Ended March 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | (In thousands except for per share data) |
Income applicable to common shares |  | $ | 396 |  |  | $ | 300 |  |  | $ | 725 |  |  | $ | 648 |
Weighted average number of common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
outstanding - basic |  |  | 5,821 |  |  |  | 5,821 |  |  |  | 5,821 |  |  |  | 5,821 |
Stock options and restricted stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Weighted average number of common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and common share equivalents - diluted |  |  | 5,821 |  |  |  | 5,821 |  |  |  | 5,821 |  |  |  | 5,821 |
Basic earnings per share |  | $ | 0.07 |  |  | $ | 0.05 |  |  | $ | 0.12 |  |  | $ | 0.11 |
Diluted earnings per share |  | $ | 0.07 |  |  | $ | 0.05 |  |  | $ | 0.12 |  |  | $ | 0.11 |
There were no outstanding options to purchase common stock at March 31, 2018 and March 31, 2017.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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