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Earnings Per Share
9 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
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 June 30,Nine months ended June 30,
 2024202320242023
Numerator:  
Net income$9,702 $6,727 $10,642 $18,405 
Denominator:  
Denominator for basic net income per common share — weighted average shares outstanding36,375 35,889 36,266 35,761 
Effect of dilutive securities:  
Stock options and restricted stock units651 928 655 1,077 
Denominator for diluted net income per common share — adjusted weighted average shares37,026 36,817 36,921 36,838 
Net income per common share, basic$0.27 $0.19 $0.29 $0.51 
Net income per common share, diluted$0.26 $0.18 $0.29 $0.50 
Digi excludes certain stock options and restricted stock unit awards that would have an anti-dilutive effect on our diluted net income per share calculation. For the three months ended June 30, 2024 and 2023, 646,564 and 599,957 shares outstanding were excluded, respectively. For the nine months ended June 30, 2024 and 2023, 710,370 and 477,521 shares outstanding were excluded, respectively.