Net Income Per Share (Tables)

12 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Basic and Diluted Net Income Per Common Share

Basic and diluted net income per common share was calculated as follows for the years ended September 30, 2019, 2018, and 2017:

	Years Ended September 30,
	2019		2018		2017
	(in thousands, except per share data)
Basic net income per share:
Numerator:
Net income	$	46,383	$	71,956	$	17,710
Denominator:
Weighted average common shares outstanding — basic		19,584		19,255		19,066
Net income per share common share — basic	$	2.37	$	3.74	$	0.93
Diluted net income per share:
Numerator:
Net income	$	46,383	$	71,956	$	17,710
Denominator:
Weighted average common shares outstanding — basic		19,584		19,255		19,066
Dilutive effect of common stock equivalents		1,384		1,395		341
Weighted average common shares outstanding — diluted		20,968		20,650		19,407
Net income per share common share — diluted	$	2.21	$	3.48	$	0.91
Anti-dilutive common stock equivalents excluded from above		843		295		2,161