EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2021

EARNINGS PER SHARE

EARNINGS PER SHARE

2. EARNINGS PER SHARE:

Basic earnings per share available to common shareholders is calculated by dividing net income by the weighted average number of 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 number of common shares outstanding and the weighted average dilutive equity awards.

	For Fiscal Years
	2021		2020
	Basic		Basic
Weighted average number of common shares outstanding		550,551		561,166
Net income available to common shareholders	$	15,545,265	$	5,542,590
Net earnings per share available to common shareholders	$	28.24	$	9.88

	For Fiscal Years
	2021		2020
	Diluted		Diluted
Weighted average number of common shares outstanding		550,551		561,166
Weighted average of net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		17,552		6,795
Weighted average number of shares outstanding		568,103		567,961
Net income available to common shareholders	$	15,545,265	$	5,542,590
Net earnings per share available to common shareholders	$	27.36	$	9.76

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