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EARNINGS PER SHARE
6 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
We compute basic earnings per share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common share includes the weighted average of additional shares associated with the incremental effect of dilutive restricted stock and restricted stock units, as prescribed by the FASB guidance on earnings per share.
The following table reconciles basic and diluted weighted average shares used in the computation of earnings per share (in thousands, except per share data):
 
Three months ended March 31,
 
Six months ended March 31,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net loss
$
(3,330
)
 
$
(829
)
 
$
(8,992
)
 
$
(1,128
)
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares
11,509

 
11,445

 
11,503

 
11,441

Dilutive effect of restricted stock units

 

 

 

Weighted average diluted shares
11,509

 
11,445

 
11,503

 
11,441

Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.29
)
 
$
(0.07
)
 
$
(0.78
)
 
$
(0.10
)
Diluted
$
(0.29
)
 
$
(0.07
)
 
$
(0.78
)
 
$
(0.10
)


For the quarters and six months ended March 31, 2018 and 2017, we incurred net losses and therefore all potential common shares were deemed to be anti-dilutive.