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EARNINGS PER SHARE (Tables)
9 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of earnings per share

Basic and diluted earnings per share for the three and nine months ended June 30, 2021 and 2020 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.

7


Three Months

Nine Months

Ended June 30,

Ended June 30,

2021

2020

2021

2020

(In thousands except for per share data)

 

Income applicable to common shares

$

1,668

$

509

$

4,510

$

1,367

Weighted average number of common shares outstanding - basic

5,811

5,815

5,811

5,821

Stock options and restricted stock

-

-

-

-

Weighted average number of common shares and common share equivalents - diluted

5,811

5,815

5,811

5,821

 

Basic earnings per share

$

0.29

$

0.09

$

0.78

$

0.24

Diluted earnings per share

$

0.29

$

0.09

$

0.78

$

0.24