Earnings per Share

3 Months Ended

Dec. 31, 2016

Earnings per common share:

Earnings per Share

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

	Three Months ended
	December 31,
	2016		2015
Weighted average common shares outstanding
during the period – shares used for basic
earnings per common share		9,879		9,802
Common shares issuable under share based
payment plans which are potentially dilutive		44		51
Common shares used for diluted
earnings per common share		9,923		9,853
Net income	$	1,682		7,473
Earnings per common share:
Basic	$	0.17		0.76
Diluted	$	0.17		0.76

For the three months ended December 31, 2016 and 2015, 61,640 and 72,090 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.