XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
EARNINGS PER SHARE
 9 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
We compute basic earnings per share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common share includes the weighted average of additional shares associated with the incremental effect of dilutive restricted stock and restricted stock units, as prescribed by the FASB guidance on earnings per share.
The following table reconciles basic and diluted weighted average shares used in the computation of earnings per share (in thousands, except per share data):
 
Three months ended June 30,
 
Nine months ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
(3,215
)
 
$
4,894

 
$
(4,343
)
 
$
10,002

Denominator:
 
 
 
 
 
 
 
Weighted average basic shares
11,463

 
11,397

 
11,449

 
11,387

Dilutive effect of restricted stock units
—

 
76

 
—

 
48

Weighted average diluted shares with assumed conversions
11,463

 
11,473

 
11,449

 
11,435

Net income (loss) per share:
 
 
 
 
 
 
 
Basic
$
(0.28
)
 
$
0.43

 
$
(0.38
)
 
$
0.88

Diluted
$
(0.28
)
 
$
0.43

 
$
(0.38
)
 
$
0.87



For the quarter and nine months ended June 30, 2017, we incurred net losses and therefore all potential common shares were deemed to be anti-dilutive.