Income (Loss) Per Common Share

6 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Income (Loss) Per Common Share

11.   Income (Loss) Per Common Share

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

	Three Months Ended						Six Months Ended
	March 31, 2019			March 31, 2018			March 31, 2019			March 31, 2018
Net income (loss)	$	707		$	(4,729	)	$	(5,146	)	$	(14,209	)
Less: Income (loss) allocable to unvested restricted stock		(12	)		—			—			—
Income (loss) attributable to common shareholders for    diluted earnings per share	$	695		$	(4,729	)	$	(5,146	)	$	(14,209	)
Weighted average number of common share equivalents:
Common shares used in basic income (loss) per share		13,401,135			13,264,710			13,369,932			13,233,205
Common share equivalents outstanding related to    stock options and RSUs		156,050			—			—			—
Total weighted average common shares and common    share equivalents used in diluted income (loss) per share		13,557,185			13,264,710			13,369,932			13,233,205
Income (loss) per share:
Basic	$	0.05		$	(0.36	)	$	(0.38	)	$	(1.07	)
Diluted	$	0.05		$	(0.36	)	$	(0.38	)	$	(1.07	)

For the calculation of diluted loss per share for the six months ended March 31, 2019, 163,800 stock options and 161,300 non-vested RSUs were excluded in the calculation of weighted average shares outstanding since their impact on diluted loss per share was antidilutive.  For the calculation of diluted loss per share for the three and six months ended March 31, 2018,  194,600 stock options and zero-non vested RSUs were excluded in the calculation of weighted average shares outstanding since their impact on diluted loss per share was antidilutive.