Earnings Per Share

3 Months Ended

Dec. 31, 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):

	Three months ended December 31,
	2023		2022
Numerator:
Net income	$	24,085	$	1,162
Denominator:
Weighted average basic shares	11,941		11,859
Dilutive effect of restricted stock and restricted stock units	233		218
Weighted average diluted shares	12,174		12,077
Earnings per share:
Basic	$	2.02	$	0.10
Diluted	$	1.98	$	0.10