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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Calculations of Net Income Per Common Share

Calculations of net income per common share were as follows (in thousands, except per share data):

 

 

 

Year Ended September 30,

 

 

 

2018

 

 

2017

 

 

2016

 

Net income

 

$

33,255

 

 

$

32,828

 

 

$

14,920

 

Basic weighted average common shares outstanding

 

 

13,516

 

 

 

10,919

 

 

 

9,558

 

Add: Incremental shares for:

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of warrants

 

 

11,492

 

 

 

12,369

 

 

 

14,451

 

Dilutive effect of restricted stock

 

 

163

 

 

 

98

 

 

 

73

 

Diluted weighted average common shares outstanding

 

 

25,171

 

 

 

23,386

 

 

 

24,082

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.46

 

 

$

3.01

 

 

$

1.56

 

Diluted

 

$

1.32

 

 

$

1.40

 

 

$

0.62