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EARNINGS PER SHARE | 12 Months Ended
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Sep. 30, 2018
EARNINGS PER SHARE |
EARNINGS PER SHARE | 3. EARNINGS PER SHARE: Basic earnings per share available to common shareholders is calculated by dividing net income less preferred stock dividend requirements by the weighted average common shares outstanding for each period. Diluted earnings per share available to common shareholders is calculated by dividing income from operations less preferred stock dividend requirements (when anti‑dilutive) by the sum of the weighted average common shares outstanding and the weighted average dilutive options.
|  | For Fiscal Years |
|  | 2018 |  | 2017 |
|  | Basic |  | Basic |
Weighted average common shares outstanding |  |  | 660,925 |  |  | 679,478 |
Net income available to common shareholders |  | $ | 3,614,610 |  | $ | 2,949,576 |
Net earnings per share available to common shareholders |  | $ | 5.47 |  | $ | 4.34 |
|  | For Fiscal Years |
|  | 2018 |  | 2017 |
|  | Diluted |  | Diluted |
Weighted average common shares outstanding |  |  | 660,925 |  |  | 679,478 |
Weighted average of net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock(1) |  |  | 11,524 |  |  | 12,705 |
Weighted average number of shares outstanding |  |  | 672,449 |  |  | 692,183 |
Net income available to common shareholders |  | $ | 3,614,610 |  | $ | 2,949,576 |
Net earnings per share available to common shareholders |  | $ | 5.38 |  | $ | 4.26 |
| (1) |  | Diluted earnings per share calculation includes all stock options and restricted stock units deemed to be dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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