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Earnings Per Share

12 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share is calculated by dividing income available to common shareholders by the weighted average number of common shares outstanding and restricted stock grants that vested or are likely to vest during the period. Diluted earnings per share is calculated by dividing income available to common shareholders by the weighted average number of basic common shares outstanding, adjusted to reflect potentially dilutive securities. Diluted earnings per share is calculated using the treasury stock method.

		(in thousands)
		Year Ended
		September 30,
		2019				2018
Numerator:
Net income		$	5,324			$	1,836
Denominator:
Denominator for basic net income per share - weighted-average outstanding shares		12,018				11,881
Effect of dilutive securities:
Stock options and restricted stock		1,023				992
Denominator for diluted net income per share - weighted-average outstanding shares		13,041				12,873
Net income per share - basic		$	0.44			$	0.15
Net income per share - diluted		$	0.41			$	0.14

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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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