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Earnings per Share
6 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings per Share

(6) Earnings per share. The following details the computations of the basic and diluted earnings per common share (dollars in thousands, except per share amounts):

  Three Months ended   Six Months ended
  March 31,   March 31,
  2013   2012   2013   2012
Weighted average common shares              
 outstanding during the period              
 - shares used for basic              
 earnings per common share   9,527       9,353       9,481       9,321  
                               
Common shares issuable under                              
 share based payment plans                              
 which are potentially dilutive   72       118       84       125  
                               
Common shares used for diluted                              
 earnings per common share   9,599       9,471       9,565       9,446  
                               
Net income $ 2,271       1,643       5,394       3,767  
                               
Earnings per common share                              
 Basic $ 0.24       0.18       0.57       0.40  
 Diluted $ 0.24       0.17       0.56       0.40  

 

 

For the three and six months ended March 31, 2013, 165,740 and 173,240 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three and six months ended March 31, 2012, 164,560 and 172,060 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per common share because their inclusion would have been anti-dilutive.