Earnings Per Share

12 Months Ended

Sep. 30, 2021

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):  

	Year Ended September 30,
	2021		2020		2019
Numerator:
Net income	$	631	$	16,660	$	9,890
Denominator:
Weighted average basic shares	11,705		11,624		11,571
Dilutive effect of restricted stock units	84		69		63
Weighted average diluted shares	11,789		11,693		11,634
Earnings per share:
Basic	$	0.05	$	1.43	$	0.85
Diluted	$	0.05	$	1.42	$	0.85