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Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Calculation of basic and diluted net income (loss) per share
Diluted earnings per share is calculated using the treasury stock method.
 
 
 
(in thousands)
 
 
 
Year Ended
 
 
 
September 30,
 
 
 
2015
 
2014
Numerator:
 
 
 
 
 
Net income
 
 
$
8,728

 
$
5,357

Denominator:
 
 
 
 
 
Denominator for basic net income per share - weighted-average outstanding shares
 
 
9,573

 
9,570

Effect of dilutive securities:
 
 
 
 
 
Stock options and restricted stock
 
 
466

 
269

Denominator for diluted net income per share - weighted-average outstanding shares
 
 
10,039

 
9,839

 
 
 
 
 
 
Net income per share - basic
(a)
$
0.91

 
$
0.56

Net income per share - diluted
(a)
$
0.87

 
$
0.54



Ref (a): For fiscal years ended September 30, 2015 and September 30, 2014, we realized a $5.5 million and $4.6 million tax benefit, respectively, related to the release of a portion of our valuation allowance to reflect the amount of our deferred tax asset that we expect to realize in future years. This resulted in an improvement of net income per share basic and diluted for both fiscal years.