Per Share Information

6 Months Ended

Mar. 31, 2016

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 ended March 31, 2016 and 2015:

	Three Months Ended March 31,
	2016		2015
Numerator:
Net earnings from continuing operations attributable to common shareholders	$	2,174	$	1,852
Net earnings from continuing operations attributable to restricted shareholders		20		2
Net earnings from continuing operations		2,194		1,854
Net loss from discontinued operations attributable to common shareholders		-		(44)
Net loss from discontinued operations		-		(44)
Net earnings attributable to common shareholders		2,174		1,808
Net earnings attributable to restricted shareholders		20		2
Net earnings	$	2,194	$	1,810

Denominator:
Weighted average common shares outstanding — basic		21,273,814		21,571,034
Effect of dilutive stock options and non-vested restricted stock		162,198		47,293
Weighted average common and common equivalent shares outstanding — diluted		21,436,012		21,618,327

Earnings per share:
Basic earnings per share	$	0.10	$	0.08
Diluted earnings per share	$	0.10	$	0.08

	Six Months Ended March 31,
	2016		2015
Numerator:
Net earnings from continuing operations attributable to common shareholders	$	7,919	$	5,324
Net earnings from continuing operations attributable to restricted shareholders		74		5
Net earnings from continuing operations		7,993		5,329
Net loss from discontinued operations attributable to common shareholders		-		(226)
Net loss from discontinued operations		-		(226)
Net earnings attributable to common shareholders		7,919		5,098
Net earnings attributable to restricted shareholders		74		5
Net earnings	$	7,993	$	5,103

Denominator:
Weighted average common shares outstanding — basic		21,271,655		21,653,711
Effect of dilutive stock options and non-vested restricted stock		117,603		43,857
Weighted average common and common equivalent shares outstanding — diluted		21,389,258		21,697,568

Basic earnings (loss) per share:
From continuing operations	$	0.37	$	0.25
From discontinued operations		-		(0.01)
Basic earnings per share	$	0.37	$	0.24
Diluted earnings (loss) per share:
From continuing operations	$	0.37	$	0.25
From discontinued operations		-		(0.01)
Diluted earnings per share	$	0.37	$	0.24

For the three and six months ended March 31, 2016 and 2015, the average price of our common shares exceeded the exercise price of all of our outstanding options; therefore, all of our outstanding stock options were included in the computation of fully diluted earnings per share.