Net Income (Loss) Per Share (Tables)

6 Months Ended

Mar. 31, 2016

Net Income (Loss) Per Share

Schedule of basic and diluted net earnings (losses) per share

	Three Months Ended						Six Months Ended
	March 31,						March 31,
(in thousands, except share and per share data)	2015			2016			2015			2016
Numerator: Basic and Diluted
Net income (loss)	$	11,719		$	(1,162)		$	18,100		$	(934)
Dividends paid		(2,737)			(2,746)			(5,475)			(5,492)
Undistributed income (loss)		8,982			(3,908)			12,625			(6,426)
Percentage allocated to common shares		99.1	%		100.0	%		99.1	%		100.0	%
Undistributed income (loss) allocated to common shares		8,901			(3,870)			12,511			(6,364)
Dividends paid on common shares outstanding		2,712			2,719			5,425			5,439
Net income (loss) available to common shares		11,613			(1,151)			17,936			(925)
Denominator: Basic and Diluted
Weighted average common shares outstanding		12,333,550			12,360,369			12,329,716			12,352,926
Adjustment for dilutive potential common shares		11,866			—			12,395			—
Weighted average shares outstanding - Diluted		12,345,416			12,360,369			12,342,111			12,352,926
Basic net income (loss) per share	$	0.94		$	(0.09)		$	1.45		$	(0.07)
Diluted net income (loss) per share	$	0.94		$	(0.09)		$	1.45		$	(0.07)
Number of stock option shares excluded as their effect would be anti-dilutive		290,255			279,453			290,255			284,453
Number of restricted stock shares excluded as their effect would be anti-dilutive		112,450			121,310			112,750			121,360
(a) Percentage allocated to common shares - Weighted average
Common shares outstanding		12,333,550			12,360,369			12,329,716			12,352,926
Unvested participating shares		112,450			—			112,450			—
		12,446,000			12,360,369			12,442,166			12,352,926