Income (loss) per Common Share

12 Months Ended

Sep. 30, 2011

Income (loss) per Common Share [Abstract]

Income (loss) per Common Share

11.   Income (loss) per Common Share

Basic income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common shares and common share equivalents outstanding during the period.

The following table sets forth the computation of basic and diluted income (loss) per common share.

	2011			2010			2009
Numerator:
Net (loss) income and numerator for basic and diluted (loss) income per common share — income available to common shareholders	$	(3,246,000	)	$	(9,352,000	)	$	10,222,000
Denominator:
Denominator for basic (loss) income per common share-weighted average common shares		7,809,561			7,777,404			7,807,385
Effect of dilutive securities-employee stock options and restricted stock grants		—			—			46,146
Denominator for diluted (loss) income per common share-adjusted weighted average common shares and assumed conversions		7,809,561			7,777,404			7,853,531
Basic (loss) income per common share	$	(0.42	)	$	(1.20	)	$	1.31
Diluted (loss) income per common share	$	(0.42	)	$	(1.20	)	$	1.30

The Company had a net loss in 2011 and 2010, therefore the denominator for diluted loss per common share is the same as the denominator for basic loss per common share for these periods.

The following weighted average numbers of certain securities have been excluded from the calculation of diluted (loss) income per common share, as their effects would be anti-dilutive.

	2011		2010		2009
Stock options		140,487		151,710		126,181
Restricted stock		105,655		54,397		38,500