XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER SHARE
 3 Months Ended
Dec. 31, 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 December 31,
 
2017
 
2016
Numerator:
 
 
 
Net loss
$
(5,662
)
 
$
(300
)
Denominator:
 
 
 
Weighted average basic shares
11,497

 
11,438

Dilutive effect of restricted stock units
—

 
—

Weighted average diluted shares with assumed conversions
11,497

 
11,438

Net loss per share:
 
 
 
Basic
$
(0.49
)
 
$
(0.03
)
Diluted
$
(0.49
)
 
$
(0.03
)


For the quarters ended December 31, 2017 and 2016, we incurred net losses and therefore all potential common shares were deemed to be anti-dilutive.