Net Income (Loss) Per Share (Tables)

6 Months Ended

Mar. 31, 2020

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)	2019			2020			2019			2020
Numerator: Basic and Diluted
Net income (loss)	$	1,509		$	4,068		$	(94)		$	7,336
Dividends paid and accrued		(2,758)			(2,781)			(5,517)			(5,618)
Undistributed income (loss)		(1,249)			1,287			(5,611)			1,718
Percentage allocated to common shares (a)		100.0	%		99.3	%		100.0	%		99.3	%
Undistributed income (loss) allocated to common shares		(1,249)			1,279			(5,611)			1,707
Dividends paid on common shares outstanding		2,738			2,763			5,475			5,581
Net income (loss) available to common shares		1,489			4,042			(136)			7,288
Denominator: Basic and Diluted
Weighted average common shares outstanding		12,448,792			12,473,881			12,439,689			12,466,867
Adjustment for dilutive potential common shares		151,500			30,182			—			30,082
Weighted average shares outstanding - Diluted		12,600,292			12,504,063			12,439,689			12,496,949
Basic net income (loss) per share	$	0.12		$	0.32		$	(0.01)		$	0.58
Diluted net income (loss) per share	$	0.12		$	0.32		$	(0.01)		$	0.58
Number of stock option shares excluded as their effect would be anti-dilutive		313,028			561,457			313,787			561,457
Number of restricted stock shares excluded as their effect would be anti-dilutive		66,688			—			67,694			—
Number of deferred restricted stock shares excluded as their effect would be anti-dilutive		29,050			—			29,050			—
Number of performance share awards excluded as their effect would be anti-dilutive		55,762			—			49,432			—
(a) Percentage allocated to common shares - Weighted average
Common shares outstanding		12,448,792			12,473,881			12,439,689			12,466,867
Unvested participating shares		—			81,652			—			82,468
		12,448,792			12,555,533			12,439,689			12,549,335