Earnings Per Share

6 Months Ended

Mar. 31, 2026

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, unless such effect is anti-dilutive. 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				Six Months Ended
	March 31,				March 31,
	2026		2025		2026		2025
Numerator:
Net income (loss)	$	(2,535)	$	878	$	(3,859)	$	1,992
Denominator:
Denominator for basic net income per share - weighted-average outstanding shares	14,493		14,386		14,493		14,386
Effect of dilutive securities:
Stock options and restricted stock (a)	—		68		—		68
Denominator for diluted net income per share - weighted-average outstanding shares	14,493		14,454		14,493		14,454
Net income (loss) per share:
Basic	$	(0.17)	$	0.06	$	(0.27)	$	0.14
Diluted	$	(0.17)	$	0.06	$	(0.27)	$	0.14

(a) For the three and six months ended March 31, 2026, stock options and restricted stock units representing approximately 70 thousand shares were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive.