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EARNINGS PER SHARE
 9 Months Ended
Jun. 30, 2019
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,
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
5,089

 
$
301

 
$
3,352

 
$
(8,691
)
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares
11,579

 
11,514

 
11,567

 
11,503

Dilutive effect of restricted stock units
24

 
73

 
22

 
—

Weighted average diluted shares
11,603

 
11,587

 
11,589

 
11,503

Income (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.44

 
$
0.03

 
$
0.29

 
$
(0.76
)
Diluted
$
0.44

 
$
0.03

 
$
0.29

 
$
(0.76
)


For the nine months ended June 30, 2018, we incurred a net loss and therefore all potential common shares were deemed to be anti-dilutive.