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EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE D - EARNINGS PER SHARE

Basic and diluted earnings per share for the three months ended December 31, 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.

		For the Three Months Ended December 31,
		2019												2018
						Weighted				Per								Weighted				Per
						average				share								average				share
		Income				shares				Amount				Income				shares				Amount
		(In thousands, except per share data)
Basic EPS
Net income available to common shareholders		$	553				5,821			$	0.10			$	685				5,821			$	0.12
Effect of dilutive securities
Options and grants			—				—				—				—				—				—
Diluted EPS
Net income available to common shareholders plus assumed conversion		$	553				5,821			$	0.10			$	685				5,821			$	0.12

There were no outstanding stock awards or options to purchase common stock at December 31, 2019 and 2018.

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- References

No definition available.

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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

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