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EARNINGS (LOSS) PER COMMON SHARE
 3 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER COMMON SHARE
EARNINGS (LOSS) PER COMMON SHARE
 
Basic earnings (loss) per share is computed using the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated using the treasury stock method to reflect the assumed issuance of common shares for all potentially dilutive securities, which consist of outstanding stock options. Potentially dilutive shares are excluded from the computation of diluted earnings (loss) per share if their effect is anti-dilutive.
 
Options to purchase 621,250 shares of common stock were excluded from the computation of diluted shares for both the three months ended December 31, 2016 and 2015, as their inclusion would have been anti-dilutive.
 
Reconciliations between net earnings (loss) attributable to Barnwell stockholders and common shares outstanding of the basic and diluted net earnings (loss) per share computations are detailed in the following tables:
 
Three months ended December 31, 2016
 
Net Earnings
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic net earnings per share
$
1,641,000

 
8,277,160

 
$
0.20

Effect of dilutive securities -
 

 
 

 
 

common stock options
—

 
—

 
 

Diluted net earnings per share
$
1,641,000

 
8,277,160

 
$
0.20

 
Three months ended December 31, 2015
 
Net Loss
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic net loss per share
$
(1,409,000
)
 
8,277,160

 
$
(0.17
)
Effect of dilutive securities -
 

 
 

 
 

common stock options
—

 
—

 
 

Diluted net loss per share
$
(1,409,000
)
 
8,277,160

 
$
(0.17
)