Net Income Per Share

9 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Net Income Per Share

13. NET INCOME PER SHARE:

Basic income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted income per share is calculated similarly, except that the calculation includes the dilutive effect of stock options and non-vested restricted stock awards. The following is a reconciliation of the shares used in the denominator for calculating basic and diluted net income per share:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2013		2014		2013		2014
Weighted average common shares outstanding used in calculating basic income per share		23,388,384		24,012,991		23,176,664		23,857,606
Effect of dilutive options and non-vested restricted stock awards		788,636		706,378		738,099		744,106
Weighted average common and common equivalent shares used in calculating diluted income per share		24,177,020		24,719,369		23,914,763		24,601,712

During the three months ended June 30, 2013 and 2014, there were 1,355,712 and 865,864 weighted average shares of options outstanding, respectively, that were not included in the computation of diluted income per share because the options’ exercise prices were greater than the average market price of our common stock, and therefore, their effect would have been anti-dilutive. During the nine months ended June 30, 2013 and 2014, there were 1,802,040 and 1,155,397 weighted average shares of options outstanding, respectively, that were not included in the computation of diluted income per share because the options’ exercise prices were greater than the average market price of our common stock, and therefore, their effect would have been anti-dilutive.