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Earnings Per Share
 6 Months Ended
Mar. 31, 2017
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. The following table is a reconciliation of the numerators and denominators in the net income per common share calculations (in thousands, except per common share data):
 
Three months ended March 31,
 
Six months ended March 31,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
1,331

 
$
2,226

 
$
3,688

 
$
5,357

(Loss) income from discontinued operations, after income taxes
—

 
(89
)
 
—

 
3,230

Net income
$
1,331

 
$
2,137

 
$
3,688

 
$
8,587

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic net income per common share — weighted average shares outstanding
26,477

 
25,820

 
26,324

 
25,574

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock units
775

 
178

 
810

 
542

Denominator for diluted net income per common share — adjusted weighted average shares
27,252

 
25,998

 
27,134

 
26,116

 
 
 
 
 
 
 
 
Basic net income per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.05

 
$
0.09

 
$
0.14

 
$
0.21

Discontinued operations
$
—

 
$
—

 
$
—

 
$
0.13

Net income (1)
$
0.05

 
$
0.08

 
$
0.14

 
$
0.34

Diluted net income per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.05

 
$
0.09

 
$
0.14

 
$
0.21

Discontinued operations
$
—

 
$
—

 
$
—

 
$
0.12

Net income (1)
$
0.05

 
$
0.08

 
$
0.14

 
$
0.33


(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 March 31, 2017 and 2016, there were 730,400 and 2,735,177 potentially dilutive shares, respectively, and for the six months ended March 31, 2017 and 2016, there were 1,077,150 and 1,495,104 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.