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Earnings Per Share
 9 Months Ended
Jun. 30, 2016
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 restricted 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 June 30,

 

 

Nine months ended June 30,

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

4,894

 

 

$

7,049

 

 

$

10,002

 

 

$

3,127

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares

 

11,397

 

 

 

11,802

 

 

 

11,387

 

 

 

11,953

 

Dilutive effect of restricted stock units

 

76

 

 

 

43

 

 

 

48

 

 

 

38

 

Weighted average diluted shares with assumed conversions

 

11,473

 

 

 

11,845

 

 

 

11,435

 

 

 

11,991

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.43

 

 

$

0.60

 

 

$

0.88

 

 

$

0.26

 

Diluted

$

0.43

 

 

$

0.60

 

 

$

0.87

 

 

$

0.26