Earnings Per Share

3 Months Ended

Dec. 31, 2019

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 December 31,
	2019		2018
Numerator:
Net income	$	208	$	4,682

Denominator:
Denominator for basic net income per common share — weighted average shares outstanding	28,467		27,513
Effect of dilutive securities:
Stock options and restricted stock units	1,147		562
Denominator for diluted net income per common share — adjusted weighted average shares	29,614		28,075

Net income per common share, basic	$	0.01	$	0.17
Net income per common share, diluted	$	0.01	$	0.17

For the three months ended December 31, 2019 and 2018, there were 594,447 and 1,241,964 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 since the options’ exercise prices were greater than the average market price of our common shares.