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Earnings Per Share
 6 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings (Loss) Per Share
 
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.
 
 
(in thousands)
 
 
Three Months Ended
 
Six Months Ended
 
 
March 31,
 
March 31,
 
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
 
Net income
 
$
979

 
$
337

 
$
1,303

 
$
221

Denominator:
 

 

 
 
 
 
Denominator for basic net income (loss) per share - weighted-average outstanding shares
 
11,249

 
9,717

 
11,225

 
9,642

Effect of dilutive securities:
 

 

 
 
 
 
Stock options and restricted stock
 
1,496

 
949

 
1,488

 
898

Denominator for diluted net income per share - weighted-average outstanding shares
 
12,745

 
10,666

 
12,713

 
10,540

 
 

 

 
 
 
 
Net income per share - basic
 
$
0.09

 
$
0.04

 
$
0.12

 
$
0.02

Net income per share - diluted
 
$
0.08

 
$
0.03

 
$
0.10

 
$
0.02