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Earnings Per Share
 9 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic net income per common share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares result from dilutive common stock options and restricted stock units.
4. EARNINGS PER SHARE (CONTINUED)
The following table is a reconciliation of the numerators and denominators in the net income (loss) per common share calculations (in thousands, except per common share data):
 
Three months ended June 30,
 
Nine months ended June 30,
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
4,277

 
$
3,085

 
$
9,634

 
$
5,765

Income (loss) from discontinued operations, after income taxes
—

 
(589
)
 
3,230

 
(2,162
)
Net income
$
4,277

 
$
2,496

 
$
12,864

 
$
3,603

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic net income (loss) per common share — weighted average shares outstanding
25,904

 
24,938

 
25,684

 
24,525

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock units
396

 
772

 
472

 
560

Denominator for diluted net income (loss) per common share — adjusted weighted average shares
26,300

 
25,710

 
26,156

 
25,085

 
 
 
 
 
 
 
 
Basic net income (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.17

 
$
0.12

 
$
0.38

 
$
0.24

Discontinued operations
$
—

 
$
(0.02
)
 
$
0.13

 
$
(0.09
)
Net income (1)
$
0.17

 
$
0.10

 
$
0.50

 
$
0.15

Diluted net income (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.16

 
$
0.12

 
$
0.37

 
$
0.23

Discontinued operations
$
—

 
$
(0.02
)
 
$
0.12

 
$
(0.09
)
Net income
$
0.16

 
$
0.10

 
$
0.49

 
$
0.14


(1) Earnings per share presented are calculated by line item and may not add due to the use of rounded amounts.
For the three months ended June 30, 2016 and 2015, there were 1,829,631 and 2,416,518 potentially dilutive shares, respectively, and for the nine months ended June 30, 2016 and 2015, there were 1,806,131 and 3,451,827 potentially dilutive shares, respectively, related to stock options to purchase common shares that were not included in the above computation of diluted earnings per common share. This is because the options’ exercise prices were greater than the average market price of our common shares.