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Loss Per Common Share (Tables)
6 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Calculation of Net Loss and Weighted Average Common Shares and Common Equivalent Shares Outstanding for Computation of Loss Per Share The following table summarizes the calculation of net 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, 2020

 

 

March 31, 2019

 

 

March 31, 2020

 

 

March 31, 2019

 

Net income (loss)

 

$

(11,804

)

 

$

707

 

 

$

(13,093

)

 

$

(5,146

)

Less: Income (loss) allocable to unvested restricted stock

 

 

 

 

 

(12

)

 

 

 

 

 

 

Income (loss) attributable to common shareholders for

   diluted earnings per share

 

$

(11,804

)

 

$

695

 

 

$

(13,093

)

 

$

(5,146

)

Weighted average number of common share equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares used in basic income (loss) per share

 

 

13,541,404

 

 

 

13,401,135

 

 

 

13,503,486

 

 

 

13,369,932

 

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

 

 

13,541,404

 

 

 

13,557,185

 

 

 

13,503,486

 

 

 

13,369,932

 

Income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.87

)

 

$

0.05

 

 

$

(0.97

)

 

$

(0.38

)

Diluted

 

$

(0.87

)

 

$

0.05

 

 

$

(0.97

)

 

$

(0.38

)