EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2022

6. 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 the three months ended March
	2022				2021
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		567,889		567,889		551,369		551,369
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		10,862		—		9,572
Weighted average number of shares outstanding		567,889		578,751		551,369		560,941
Net income available to common shareholders	$	3,006,182	$	3,006,182	$	2,428,908	$	2,428,908

Net earnings per share available to common shareholders	$	5.29	$	5.19	$	4.41	$	4.33

(1)	Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.


	For the six months ended March
	2022				2021
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		565,694		565,694		549,729		549,729
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		15,634		—		8,012
Weighted average number of shares outstanding		565,694		581,328		549,729		557,741
Net income available to common shareholders	$	6,007,238	$	6,007,238	$	5,506,518	$	5,506,518

Net earnings per share available to common shareholders	$	10.62	$	10.33	$	10.02	$	9.87

(1)Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.