Earnings Per Share

3 Months Ended

Dec. 31, 2021

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,
	2021		2020
Numerator:
Net loss	$	(2,846)	$	(364)
Denominator:
Weighted average basic shares	11,765		11,674
Dilutive effect of restricted stock units	—		—
Weighted average diluted shares	11,765		11,674
Loss per share:
Basic	$	(0.24)	$	(0.03)
Diluted	$	(0.24)	$	(0.03)

For each of the three months ended December 31, 2021 and 2020, we incurred net losses and therefore all potential common shares were deemed to be anti-dilutive.