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Earnings (Loss) Per Common Share (Tables)
3 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Calculation of Weighted Average Common Shares and Common Equivalent Shares Outstanding

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

 

 

 

December 31, 2014

 

 

December 31, 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