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Earnings Per Share
3 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

B. 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 restrictive stock units, as prescribed by the 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):

 

Three months ended December 31,

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

Net loss......................................................

$

(459

)

 

$

(239

)

Denominator:

 

 

 

 

 

 

 

Weighted average basic shares.......................................

 

11,395

 

 

 

12,041

 

Dilutive effect of restricted stock units..................................

 

 

 

 

 

Weighted average diluted shares with assumed conversions....................

 

11,395

 

 

 

12,041

 

Net loss per share:

 

 

 

 

 

 

 

Basic........................................................

$

(0.04

)

 

$

(0.02

)

Diluted......................................................

$

(0.04

)

 

$

(0.02

)

 

For the quarters ended December 31, 2015 and 2014, we incurred net losses and therefore all potential common shares were deemed to be anti-dilutive.