Earnings Per Share

3 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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 December 31,
	2022		2021
Numerator:
Net income (loss)	$	1,162	$	(2,846)
Denominator:
Weighted average basic shares	11,859		11,765
Dilutive effect of restricted stock units	218		—
Weighted average diluted shares	12,077		11,765
Earnings (loss) per share:
Basic	$	0.10	$	(0.24)
Diluted	$	0.10	$	(0.24)

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