Note 10 - Earnings Per Common Share

3 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

10. Earnings Per Common Share

The following table summarizes the calculation of net earnings and weighted average common shares and common equivalent shares outstanding for purposes of the computation of earnings per share (in thousands, except share and per share data):

	Three Months Ended
	December 31, 2024		December 31, 2023
Net income	$	8,376	$	12,679
Weighted average number of common share equivalents:
Common shares used in basic earnings per share		12,753,378		13,251,360
Common share equivalents outstanding related to RSUs		124,009		209,156
Total weighted average common shares and common share equivalents used in diluted earnings per share		12,877,387		13,460,516
Earnings per share:
Basic	$	0.66	$	0.96
Diluted	$	0.65	$	0.94

           For the calculation of diluted earnings per share for the three months ended December 31, 2024 and 2023, there were 235,206 and 212,217 non-vested RSUs, respectively, excluded from the calculation of weighted average shares outstanding since their impact on diluted earnings per share were antidilutive.