XML 22 R11.htm IDEA: XBRL DOCUMENT

EARNINGS PER SHARE

6 Months Ended

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.