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Earnings Per Share
9 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
We compute basic earnings per share by dividing net income 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,
 
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Net income
$
3,481

 
$
5,089

 
$
13,677

 
$
3,352

Denominator:
 
 
 
 
 
 
 
Weighted average basic shares
11,631

 
11,579

 
11,622

 
11,567

Dilutive effect of restricted stock units
67

 
24

 
64

 
22

Weighted average diluted shares
11,698

 
11,603

 
11,686

 
11,589

Income per share:
 
 
 
 
 
 
 
Basic
$
0.30

 
$
0.44

 
$
1.18

 
$
0.29

Diluted
$
0.30

 
$
0.44

 
$
1.17

 
$
0.29