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Earnings Per Share
 6 Months Ended
Mar. 31, 2020
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,
 
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
7,421

 
$
958

 
$
10,196

 
$
(1,737
)
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares
11,621

 
11,570

 
11,617

 
11,560

Dilutive effect of restricted stock units
60

 
62

 
56

 
—

Weighted average diluted shares
11,681

 
11,632

 
11,673

 
11,560

Income (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.64

 
$
0.08

 
$
0.88

 
$
(0.15
)
Diluted
$
0.64

 
$
0.08

 
$
0.87

 
$
(0.15
)


For the six months ended March 31, 2019, we incurred a net loss and therefore all potential common shares were deemed to be anti-dilutive.