Earnings (Loss) Per Share

3 Months Ended

Dec. 31, 2023

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,
	2023		2022
Numerator:


Net (loss) income	$	(3,054)	$	5,779

Denominator:
Denominator for basic net income per common share — weighted average shares outstanding	36,129		35,608
Effect of dilutive securities:
Stock options and restricted stock units	—		1,251
Denominator for diluted net income per common share — adjusted weighted average shares	36,129		36,859




Net (loss) income per common share, basic	$	(0.08)	$	0.16



Net (loss) income per common share, diluted	$	(0.08)	$	0.16

Digi excludes certain stock options and restricted stock unit awards that would have an anti-dilutive effect on our diluted net (loss) income per share calculation. For the three months ended December 31, 2023 and 2022, 1,563,857 and 234,365 shares outstanding were excluded, respectively.