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EARNINGS PER SHARE (Tables)

9 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of earnings per share

Basic and diluted earnings per share for the three and nine months ended June 30, 2019 and 2018 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.

		Three Months								Nine Months
		Ended June 30,								Ended June 30,
		2019				2018				2019				2018
		(In thousands except for per share data)
Income applicable to common shares		$	726			$	599			$	2,178			$	1,324
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		$	0.12			$	0.10			$	0.37			$	0.23
Diluted earnings per share		$	0.12			$	0.10			$	0.37			$	0.23

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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