Note 11 - Earnings (Loss) Per Common Share

9 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

11. Earnings (Loss) Per Common Share

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

	Three Months Ended					Nine Months Ended
	June 30, 2025		June 30, 2024			June 30, 2025			June 30, 2024
Net income (loss)	$	760	$	(2,070	)	$	(662	)	$	6,282
Weighted average number of common share equivalents:
Common shares used in basic earnings (loss) per share		12,805,414		13,216,386			12,783,832			13,270,444
Common share equivalents outstanding related to RSUs		—		—			—			161,270
Total weighted average common shares and common share equivalents used in diluted earnings (loss) per share		12,805,414		13,216,386			12,783,832			13,431,714
Earnings (loss) per share:
Basic	$	0.06	$	(0.16	)	$	(0.05	)	$	0.47
Diluted	$	0.06	$	(0.16	)	$	(0.05	)	$	0.47

           For the calculation of diluted earnings (loss) per share for each of the three and nine months ended June 30, 2025, there were 350,318 non-vested RSUs, respectively, excluded from the calculation of weighted average shares outstanding since their impact on diluted earnings per share were antidilutive. For the calculation of diluted earnings (loss) per share for the three and nine months ended June 30, 2024, there were 412,770 and 230,322 non-vested RSUs, respectively, excluded from the calculation of weighted average shares outstanding since their impact on diluted earnings (loss) per share were antidilutive.