Net Loss Per Share Data

3 Months Ended

Dec. 31, 2023

9. Net Loss Per Share Data

Basic net income (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common and common equivalent shares outstanding during the period. The Company’s potentially dilutive common shares are those that result from dilutive common stock options and non-vested stock relating to restricted stock awards and restricted stock units.

The calculation of diluted loss per share excluded 0.1 million in weighted-average shares for each of the three months ended December 31, 2023 and 2022, as their effect was anti-dilutive. Basic and diluted weighted average shares outstanding were as follows:


	Three Months Ended December 31,
(In thousands)	2023		2022
Basic weighted average shares outstanding		14,102		13,983
Dilutive effect of outstanding stock options, non-vested restricted stock, and non-vested restricted stock units		—		—
Diluted weighted average shares outstanding		14,102		13,983