Net Income (Loss) Per Share (Tables)

9 Months Ended

Jun. 30, 2017

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)	2016			2017			2016			2017
Numerator: Basic and Diluted
Net income (loss)	$	2,792		$	(3,967)		$	1,858		$	(6,529)
Dividends paid		(2,748)			(2,752)			(8,240)			(8,257)
Undistributed income (loss)		44			(6,719)			(6,382)			(14,786)
Percentage allocated to common shares (a)		99.0	%		100.0	%		99.0	%		100.0	%
Undistributed income (loss) allocated to common shares		44			(6,719)			(6,321)			(14,786)
Dividends paid on common shares outstanding		2,721			2,725			8,160			8,176
Net income (loss) available to common shares		2,765			(3,994)			1,839			(6,610)
Denominator: Basic and Diluted
Weighted average common shares outstanding		12,370,039			12,400,522			12,358,609			12,394,350
Adjustment for dilutive potential common shares		2,278			—			4,761			—
Weighted average shares outstanding - Diluted		12,372,317			12,400,522			12,363,370			12,394,350
Basic net income (loss) per share	$	0.22		$	(0.32)		$	0.15		$	(0.53)
Diluted net income (loss) per share	$	0.22		$	(0.32)		$	0.15		$	(0.53)
Number of stock option shares excluded as their effect would be anti-dilutive		383,202			299,667			380,302			314,834
Number of restricted stock shares excluded as their effect would be anti-dilutive		121,010			107,210			121,243			108,068
Number of performance share awards excluded as their effect would be anti-dilutive		—			14,250			—			14,250
(a) Percentage allocated to common shares - Weighted average
Common shares outstanding		12,370,039			12,400,522			12,358,609			12,394,350
Unvested participating shares		121,010			—			121,243			—
		12,491,049			12,400,522			12,479,852			12,394,350