Earnings Per Share

3 Months Ended

Dec. 31, 2024

Basic earnings per share is calculated by dividing income 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 per share is calculated by dividing income 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.

Earnings per share information is presented in the table below (in thousands except for per share amounts):


	Three Months Ended
	December 31,
		2024		2023
Numerator:
Net income		$	1,115	$	2,151
Denominator:
Denominator for basic net income per share - weighted-average outstanding shares		14,386		14,032
Effect of dilutive securities:
Stock options and restricted stock		177		764
Denominator for diluted net income per share - weighted-average outstanding shares		14,563		14,796

Net income per share - basic		$	0.08	$	0.15
Net income per share - diluted		$	0.08	$	0.15