Earnings Per Share

12 Months Ended

Sep. 30, 2017

(9)	Earnings Per Share

The weighted average common shares outstanding used in the calculation of basic earnings per share and weighted average common shares outstanding, adjusted for common stock equivalents, used in the computation of diluted earnings per share were as follows for fiscal years 2017, 2016, and 2015:


	September 30,
	2017		2016		2015
Weighted average common stock outstanding		7,691,937		7,600,583		8,831,094
Common stock equivalents - stock options and RSU’s		98,590		117,382		109,940

		7,790,527		7,717,965		8,941,034

All common stock equivalents were dilutive and therefore included in the diluted earnings per share calculation for fiscal years 2017, 2016, and 2015.

On January 26, 2017, the Company’s Board of Directors declared a 3-for-2 stock split, which was effected on March 6, 2017, for shareholders of record as of February 10, 2017. All disclosures in this report relating to shares of common stock, restricted stock units, and per share data have been adjusted to reflect this stock split.