Note 11 - Earnings Per Share and Dividends Per Share

6 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

(11) Earnings per Share and Dividends 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:

	Three Months Ended March 31,
	2025		2024
Weighted average common stock outstanding, basic		7,784,225		7,676,099
Dilutive impact of RSUs		127,931		24,104
Weighted average common stock outstanding, diluted		7,912,156		7,700,203

	Six Months Ended March 31,
	2025		2024
Weighted average common stock outstanding, basic		7,782,152		7,674,134
Dilutive impact of RSUs		107,879		10,111
Weighted average common stock outstanding, diluted		7,890,031		7,684,245

For the three months ended March 31, 2025 and 2024, the Company excluded 0 and 176,809 common stock equivalents, respectively, from the diluted earnings per share calculations because they were not dilutive. For the six months ended March 31, 2025 and 2024, the Company excluded 0 and 222,496 common stock equivalents, respectively, from the diluted earnings per share calculations because they were not dilutive. In each case, the excluded common stock equivalents consisted of non‑vested RSUs.

The Company paid a quarterly cash dividend of $0.1375 per share on March 6, 2025, to shareholders of record as of February 24, 2025.