Earnings Per Share

12 Months Ended

Sep. 30, 2022

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 Financial Accounting Standards Board (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,
	2022		2021		2020
Numerator:
Net income	$	13,737	$	631	$	16,660
Denominator:
Weighted average basic shares	11,797		11,705		11,624
Dilutive effect of restricted stock units	146		84		69
Weighted average diluted shares	11,943		11,789		11,693
Earnings per share:
Basic	$	1.16	$	0.05	$	1.43
Diluted	$	1.15	$	0.05	$	1.42