Earnings Per Share

6 Months Ended

Mar. 31, 2022

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.

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 March 31,				Six months ended March 31,
	2022		2021		2022		2021
Numerator:
Net loss	$	(1,217)	$	(225)	$	(4,063)	$	(589)
Denominator:
Weighted average basic shares	11,801		11,707		11,783		11,690
Dilutive effect of restricted stock units	—		—		—		—
Weighted average diluted shares	11,801		11,707		11,783		11,690
Loss per share:
Basic	$	(0.10)	$	(0.02)	$	(0.34)	$	(0.05)
Diluted	$	(0.10)	$	(0.02)	$	(0.34)	$	(0.05)

For each of the three and six months ended March 31, 2022 and 2021, we incurred net losses and therefore all potential common shares were deemed to be anti-dilutive.