Net Income (Loss) Per Share Data

6 Months Ended

Mar. 31, 2024

9. Net Income (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 or less in weighted-average shares for each of the three months ended March 31, 2024 and 2023 and 0.1 million or less in weighted average shares for each of the six months ended March 31, 2024 and 2023, as their effect was anti-dilutive. Basic and diluted weighted average shares outstanding were as follows:


	Three Months Ended March 31,				Six Months Ended March 31,
(In thousands)	2024		2023		2024		2023
Basic weighted average shares outstanding		14,152		14,030		14,127		14,010
Dilutive effect of outstanding stock options, non-vested restricted stock, and non-vested restricted stock units		30		—		—		—
Diluted weighted average shares outstanding		14,182		14,030		14,127		14,010