Earnings Per Share

9 Months Ended

Jun. 30, 2019

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.



	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Numerator:
Net income	$	803	$	1,614	$	3,758	$	79
Denominator:
Denominator for basic net income per share - weighted-average outstanding shares	12,036		11,899		12,011		11,875
Effect of dilutive securities:
Stock options and restricted stock	1,041		985		1,037		997
Denominator for diluted net income per share - weighted-average outstanding shares	13,077		12,884		13,048		12,872

Net income per share - basic	$	0.07	$	0.14	$	0.31	$	0.01
Net income per share - diluted	$	0.06	$	0.13	$	0.29	$	0.01