Net Income (Loss) Per Share (Tables)

9 Months Ended

Jun. 30, 2016

Net Income (Loss) Per Share

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

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
(in thousands, except share and per share data)	2015			2016			2015			2016
Numerator: Basic and Diluted
Net income	$	6,602		$	2,792		$	24,702		$	1,858
Dividends paid		(2,738)			(2,748)			(8,214)			(8,240)
Undistributed income (loss)		3,864			44			16,488			(6,382)
Percentage allocated to common shares		99.1	%		99.0	%		99.1	%		99.0	%
Undistributed income (loss) allocated to common shares		3,829			44			16,339			(6,321)
Dividends paid on common shares outstanding		2,713			2,721			8,140			8,160
Net income available to common shares		6,542			2,765			24,479			1,839
Denominator: Basic and Diluted
Weighted average common shares outstanding		12,333,550			12,370,039			12,330,994			12,358,609
Adjustment for dilutive potential common shares		13,244			2,278			12,678			4,761
Weighted average shares outstanding - Diluted		12,346,794			12,372,317			12,343,672			12,363,370
Basic net income per share	$	0.53		$	0.22		$	1.99		$	0.15
Diluted net income per share	$	0.53		$	0.22		$	1.98		$	0.15
Number of stock option shares excluded as their effect would be anti-dilutive		290,255			383,202			290,255			380,302
Number of restricted stock shares excluded as their effect would be anti-dilutive		112,450			121,010			112,550			121,243
(a) Percentage allocated to common shares - Weighted average
Common shares outstanding		12,333,550			12,370,039			12,330,994			12,358,609
Unvested participating shares		112,450			121,010			112,550			121,243
		12,446,000			12,491,049			12,443,544			12,479,852