Earnings (Loss) Per Common Share

9 Months Ended

Jun. 30, 2015

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						Nine Months Ended
	June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Net income (loss)	$	(8,564	)	$	3,752		$	(19,191	)	$	38,744
Less: Income allocable to unvested restricted stock		—			(43	)		—			(439	)
Income (loss) available to common shareholders		(8,564	)		3,709			(19,191	)		38,305
Reallocation of participating earnings		—			—			—			1
Income (loss) attributable to common shareholders for diluted earnings per share	$	(8,564	)	$	3,709		$	(19,191	)	$	38,306
Weighted average number of common share equivalents:
Common shares used in basic earnings (loss) per share		13,002,916			12,951,845			12,994,391			12,949,807
Common share equivalents outstanding  related to stock options		—			47,962			—			50,296
Total weighted average common shares and common share equivalents used in diluted earnings (loss) per share		13,002,916			12,999,807			12,994,391			13,000,103
Earnings (loss) per share:
Basic	$	(0.66	)	$	0.29		$	(1.48	)	$	2.96
Diluted	$	(0.66	)	$	0.29		$	(1.48	)	$	2.95