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Earnings Per Share
 9 Months Ended
Jun. 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.
(In thousands)
Three Months EndedNine Months Ended
June 30,June 30,
2022202120222021
Numerator:
Net income$4,864 $2,880 $19,846 $7,261 
Denominator:
Denominator for basic net income per share - weighted-average outstanding shares12,812 12,545 12,779 12,529 
Effect of dilutive securities:
Stock options and restricted stock1,423 1,110 1,426 1,165 
Denominator for diluted net income per share - weighted-average outstanding shares14,235 13,655 14,205 13,694 
Net income per share - basic$0.38 $0.23 $1.55 $0.58 
Net income per share - diluted$0.34 $0.21 $1.40 $0.54