Earnings Per Share

3 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

C. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share data):

	Three Months Ended December 31,
	2011			2010
Numerator:
Net income (loss)	$	(1,745	)	$	2,432
Denominator:
Weighted average basic shares		11,764			11,640
Dilutive effect of stock options and restricted stock units (1)		—			133
Weighted average diluted shares with assumed conversions		11,764			11,773
Net earnings (loss) per share:
Basic	$	(0.15	)	$	0.21
Diluted	$	(0.15	)	$	0.21

(1) For the three months ended December 31, 2011, these items were excluded from diluted income (loss) per share as the effect would have been anti-dilutive.

Approximately 104,000 shares related to outstanding stock options and restricted stock units were excluded from the computation of diluted earnings (loss) per share because they were anti-dilutive for the three months ended December 31, 2011. All options were included in the computation of diluted earnings per share for the three months ended December 31, 2010, as the options’ exercise prices were less than the average market price of our common stock.