Earnings Per Share

12 Months Ended

Sep. 30, 2023

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 include 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):  

	Year Ended September 30,
	2023		2022		2021
Numerator:
Net income	$	54,525	$	13,737	$	631
Denominator:
Weighted average basic shares	11,879		11,797		11,705
Dilutive effect of restricted stock units	241		146		84
Weighted average diluted shares	12,120		11,943		11,789
Earnings per share:
Basic	$	4.59	$	1.16	$	0.05
Diluted	$	4.50	$	1.15	$	0.05