Net Income (Loss) Per Share (Tables)

3 Months Ended

Dec. 31, 2016

Net Income (Loss) Per Share

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

	Three Months Ended
	December 31,
(in thousands, except share and per share data)	2015			2016
Numerator: Basic and Diluted
Net income (loss)	$	228		$	(672)
Dividends paid		(2,746)			(2,752)
Undistributed income (loss)		(2,518)			(3,424)
Percentage allocated to common shares (a)		99.0	%		100.0	%
Undistributed income (loss) allocated to common shares		(2,493)			(3,424)
Dividends paid on common shares outstanding		2,719			2,724
Net income (loss) available to common shares		226			(700)
Denominator: Basic and Diluted
Weighted average common shares outstanding		12,345,564			12,382,207
Adjustment for dilutive potential common shares		7,520			—
Weighted average shares outstanding - Diluted		12,353,084			12,382,207
Basic net income per share	$	0.02		$	(0.06)
Diluted net income per share	$	0.02		$	(0.06)
Number of stock option shares excluded as their effect would be anti-dilutive		374,502			345,167
Number of restricted stock shares excluded as their effect would be anti-dilutive		121,410			109,785
Number of performance share awards excluded as their effect would be anti-dilutive		—			19,000
(a) Percentage allocated to common shares - Weighted average
Common shares outstanding		12,345,564			12,382,207
Unvested participating shares		121,410			—
		12,466,974			12,382,207