Earnings (Loss) Per Common Share

3 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share

10. Earnings (Loss) Per Common Share

The Company applies the two-class method in calculating per share data.  The following table summarizes the calculation of net earnings (loss) and weighted average common shares and common equivalent shares outstanding for purposes of the computation of earnings (loss) per share (in thousands, except share and per share data):

	Three Months Ended
	December31,2014			December31,2013
Net income (loss)	$	(5,445	)	$	24,176
Less: Income (loss) allocable to unvested restricted stock		70			(152	)
Income (loss) available to common shareholders		(5,375	)		24,024
Reallocation of participating earnings		—			1
Income (loss) attributable to common shareholders for    diluted earnings per share	$	(5,375	)	$	24,025
Weighted average number of common share equivalents:
Common shares used in basic earnings (loss) per    share		12,977,913			12,947,195
Common share equivalents outstanding related to    stock options		—			52,918
Total weighted average common shares and common    share equivalents used in diluted earnings (loss) per    share		12,977,913			13,000,113
Earnings (loss) per share:
Basic	$	(.41	)	$	1.86
Diluted	$	(.41	)	$	1.85

There were no stock options excluded from the computation of weighted average shares outstanding due to anti-dilution.