EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2020

3. EARNINGS PER SHARE:

Basic earnings per share available to common shareholders is calculated by dividing net income by the weighted average common shares outstanding for each period. Diluted earnings per share available to common shareholders is calculated by dividing income from operations by the sum of the weighted average common shares outstanding and the weighted average dilutive equity awards.


	For Fiscal Years
	2020		2019
	Basic		Basic
Weighted average common shares outstanding		561,166		597,961
Net income available to common shareholders	$	5,542,590	$	3,202,943
Net earnings per share available to common shareholders	$	9.88	$	5.36


	For Fiscal Years
	2020		2019
	Diluted		Diluted
Weighted average common shares outstanding		561,166		597,961
Weighted average of net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock(1)		6,795		11,875
Weighted average number of shares outstanding		567,961		609,836
Net income available to common shareholders	$	5,542,590	$	3,202,943
Net earnings per share available to common shareholders	$	9.76	$	5.25

(1)

Diluted earnings per share calculation includes all stock options and restricted stock units deemed to be dilutive.