Earnings Per Share of Common Stock (Tables)

9 Months Ended

Jun. 30, 2024

Earnings Per Share of Common Stock

Schedule of basic and diluted earnings per share computations

Basic and diluted earnings per share computations for the Company’s reported net income attributable to common stockholders are as follows:

	Three months ended				Nine Months Ended
	June 30,		June 30,		June 30,		June 30,
	2024		2023		2024		2023
	(Amounts in thousands except per share data)
Net (loss) income	$	(185)	$	2,514	$	1,330	$	3,796
Less: net income attributable to nonvested common stock		—		(159)		(86)		(232)
Net (loss) income attributable to common shareholders	$	(185)	$	2,355	$	1,244	$	3,564
Weighted average total shares outstanding - basic(1)		9,110		9,420		9,641		9,301
Less: weighted average non–vested shares outstanding(1)		—		(594)		(627)		(570)
Weighted average number of common shares outstanding - basic(1)		9,110		8,826		9,014		8,731
Add: potential common shares from non-vested stock awards(1)		—		206		396		139
Weighted average common shares outstanding - diluted(1)		9,110		9,032	$	9,410		8,870
Net (loss) income per common share - basic(1)	$	(0.02)	$	0.27	$	0.14	$	0.41
Net (loss) income per common share - diluted(1)	$	(0.02)	$	0.26	$	0.13	$	0.40
(1) Retroactively adjusted for the effects of a two for one stock split effected in the form of a 100% stock dividend (see Note 1)