Per Share Information

6 Months Ended

Mar. 31, 2015

Per Share Information [Abstract]

Per Share Information

4. PER SHARE INFORMATION

The following table reconciles the components of the basic and diluted earnings (loss) per share for the three and six months endedMarch 31, 2015 and 2014:

	Three Months Ended March 31,
	2015		2014
Numerator:
Net earnings from continuing operations attributable to common shareholders	$	1,852	$	445
Net earnings from continuing operations attributable to restricted shareholders		2		1
Net earnings from continuing operations		1,854		446
Net loss from discontinued operations attributable to common shareholders		(44)		(49)
Net loss from discontinued operations		(44)		(49)
Net earnings attributable to common shareholders		1,808		396
Net earnings attributable to restricted shareholders		2		1
Net earnings	$	1,810	$	397
Denominator:
Weighted average common shares outstanding — basic		21,571,034		18,464,931
Effect of dilutive stock options and non-vested restricted stock		47,293		49,219
Weighted average common and common equivalent shares outstanding — diluted		21,618,327		18,514,150
Basic earnings per share:
From continuing operations	$	0.08	$	0.02
From discontinued operations		-		-
Basic earnings per share	$	0.08	$	0.02
Diluted earnings per share:
From continuing operations	$	0.08	$	0.02
From discontinued operations		-		-
Diluted earnings per share	$	0.08	$	0.02

	Six Months Ended March 31,
	2015		2014
Numerator:
Net earnings from continuing operations attributable to common shareholders	$	5,324	$	707
Net earnings from continuing operations attributable to restricted shareholders		5		4
Net earnings from continuing operations		5,329		711
Net loss from discontinued operations attributable to common shareholders		(226)		(191)
Net loss from discontinued operations		(226)		(191)
Net earnings attributable to common shareholders		5,098		516
Net earnings attributable to restricted shareholders		5		4
Net earnings	$	5,103	$	520
Denominator:
Weighted average common shares outstanding — basic		21,653,711		18,443,936
Effect of dilutive stock options and non-vested restricted stock		43,857		63,701
Weighted average common and common equivalent shares outstanding — diluted		21,697,568		18,507,637
Basic earnings (loss) per share:
From continuing operations	$	0.25	$	0.04
From discontinued operations		(0.01)		(0.01)
Basic earnings per share	$	0.24	$	0.03
Diluted earnings (loss) per share:
From continuing operations	$	0.25	$	0.04
From discontinued operations		(0.01)		(0.01)
Diluted earnings per share	$	0.24	$	0.03

For the three and six months endedMarch 31, 2014, zero and 150,000 stock options, respectively, were excluded from the computation of fully diluted earnings per share because the exercise prices of the options were greater than the average price of our common stock. For the three and six months endedMarch 31, 2015, the average price of our common shares exceeded the exercise price of all of our outstanding options.

On August 7, 2014, we completed a rights offering of common stock to our stockholders at a subscription price that was lower than the market price of our common stock at closing of the offering. For information on the rights offering, please see “Note 11 – Stockholders Equity” in our Form 10-K. The rights offering was deemed to contain a bonus element that is similar to a stock dividend, requiring us to adjust the weighted average number of common shares used to calculate basic and diluted earnings per share in prior periods retrospectively by a factor of 1.0340. Basic and diluted weighted average shares for the three months endedMarch 31, 2014 prior to giving effect to the rights offering were 17,857,422 and 17,905,021, respectively. Basic and diluted weighted average shares for the six months endedMarch 31, 2014 prior to giving effect to the rights offering were 17,837,117 and 17,898,722, respectively.