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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 2019
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,

 

 

 

2019

 

 

2018

 

 

2017

 

Net income

 

$

47,580

 

 

$

33,255

 

 

$

32,828

 

Basic weighted average common shares outstanding

 

 

34,764

 

 

 

24,826

 

 

 

23,201

 

Add: Incremental shares for:

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of warrants

 

 

 

 

 

116

 

 

 

93

 

Dilutive effect of restricted stock

 

 

300

 

 

 

315

 

 

 

76

 

Diluted weighted average common shares outstanding

 

 

35,064

 

 

 

25,257

 

 

 

23,370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.37

 

 

$

1.34

 

 

$

1.41

 

Diluted

 

$

1.36

 

 

$

1.32

 

 

$

1.40