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Earnings Per Share
 12 Months Ended
Sep. 30, 2022
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.

Earnings Per Share information is presented in the table below for the years ending September 30, 2022 and 2021 (in thousands except for per share amounts):
20222021
Numerator:
Net income$23,288 $10,145 
Denominator:
Denominator for basic net income per share - weighted-average outstanding shares12,830 12,549 
Effect of dilutive securities:
Stock options and restricted stock1,349 1,048 
Denominator for diluted net income per share - weighted-average outstanding shares14,179 13,597 
Net income per share - basic$1.82 $0.81 
Net income per share - diluted$1.64 $0.75