Net Income Per Share

6 Months Ended

Mar. 31, 2013

Net Income Per Share

Net Income Per Share

Note B — Net Income Per Share

Net income per common share is computed by dividing net income by 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 outstanding during the period, increased to include dilutive potential common shares issuable upon the exercise of stock options, restricted stock awards and restricted stock units that were outstanding during the period.  A reconciliation of the numerator and denominator in the basic and diluted net income per share calculation is as follows:

	Three Months Ended				Six Months Ended
	March 31,		March 31,		March 31,		March 31,
	2013		2012		2013		2012
Numerator:
Net income	$	1,199,250	$	602,514	$	2,211,395	$	527,167
Denominator:
Denominator for basic net income per share- weighted average shares outstanding	12,146,969		12,003,167		12,092,003		12,049,900
Effect of share-based awards	457,130		232,534		390,555		208,502
Denominator for diluted net income per share- weighted average shares outstanding	12,604,099		12,235,701		12,482,558		12,258,402
Basic net income per share	$	0.10	$	0.05	$	0.18	$	0.04
Diluted net income per share	$	0.10	$	0.05	$	0.18	$	0.04

For the three months ended March 31, 2013 and 2012, 65,800 and 1,083,500 shares of common stock subject to stock options were excluded from the calculation of diluted net income per share because their effect would have been antidilutive.  Additionally, 251,800 of restricted share units outstanding could be potentially dilutive upon achievement of performance goals.