Earnings per share

3 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Earnings per share

(6) Earnings per share. The following details the computations of the basic and diluted earnings per common share (dollars in thousands, except per share amounts):

	THREE MONTHS
	ENDED DECEMBER 31,
	2011	2010
Weighted average common shares
outstanding during the period
- shares used for basic
earnings per common share	9,290	9,273
Common shares issuable under
share based payment plans
which are potentially dilutive	132	187
Common shares used for diluted
earnings per common share	9,422	9,460
Net income	$2,124	6,395
Earnings per common share
Basic	$0.23	0.69
Diluted	$0.23	0.68

For the three months ended December 31, 2011, 172,060 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three months ended December 31 2010, 132,870 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per common share because their inclusion would have been anti-dilutive.