XML 28 R15.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Earnings Per Share
 6 Months Ended
Mar. 31, 2024
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 (in thousands except for per share amounts):
Three Months EndedSix Months Ended
March 31,March 31,
2024202320242023
Numerator:
Net income$1,812 $805 $3,963 $2,352 
Denominator:
Denominator for basic net income per share - weighted-average outstanding shares14,205 13,759 14,118 13,530 
Effect of dilutive securities:
Stock options and restricted stock741 841 705 917 
Denominator for diluted net income per share - weighted-average outstanding shares14,946 14,600 14,823 14,447 
Net income per share - basic$0.13 $0.06 $0.28 $0.17 
Net income per share - diluted$0.12 $0.06 $0.27 $0.16