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Earnings (Loss) Per Share
9 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share
 
Basic earnings (loss) per share is calculated by dividing income (loss) available to common shareholders by the weighted average number of common shares outstanding and restricted stock grants that vested or are likely to vest during the period. Diluted earnings (loss) per share is calculated by dividing income (loss) available to common shareholders by the weighted average number of basic common shares outstanding, adjusted to reflect potentially dilutive securities. Diluted earnings per share is calculated using the treasury stock method.
 
 
(in thousands)
 
 
Three Months Ended
 
Nine Months Ended
 
 
June 30,
 
June 30,
 
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
251

 
$
68

 
$
582

 
$
(169
)
Denominator:
 
 
 
 
 
 
 
 
Denominator for basic net income (loss) per share - weighted-average outstanding shares
 
9,602

 
9,318

 
9,566

 
9,307

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options and restricted stock
 
75

 
18

 
94

 

Denominator for diluted net income (loss) per share - weighted-average outstanding shares
 
9,677

 
9,336

 
9,660

 
9,307

 
 
 
 
 
 
 
 
 
Net income (loss) per share - basic
 
$
0.03

 
$
0.01

 
$
0.06

 
$
(0.02
)
Net income (loss) per share - diluted
 
$
0.03

 
$
0.01

 
$
0.06

 
$
(0.02
)