Net Income (Loss) Per Share (Tables)

9 Months Ended

Jun. 30, 2023

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)	2022			2023			2022			2023
Numerator: Basic and Diluted
Net income	$	15,608		$	8,759		$	28,751		$	28,847
Dividends paid and accrued		(2,732)			(2,823)			(8,271)			(8,437)
Undistributed income (loss)		12,876			5,936			20,480			20,410
Percentage allocated to common shares (a)		99.0	%		99.2	%		99.0	%		99.2	%
Undistributed income (loss) allocated to common shares		12,749			5,890			20,271			20,250
Dividends paid on common shares outstanding		2,705			2,801			8,187			8,372
Net income available to common shares		15,454			8,691			28,458			28,622
Denominator: Basic and Diluted
Weighted average common shares outstanding		12,339,308			12,611,020			12,346,372			12,551,889
Adjustment for dilutive potential common shares		119,947			184,824			160,566			223,646
Weighted average shares outstanding - Diluted		12,459,255			12,795,844			12,506,938			12,775,535
Basic net income per share	$	1.25		$	0.69		$	2.30		$	2.28
Diluted net income per share	$	1.24		$	0.68		$	2.28		$	2.24
Number of stock option shares excluded as their effect would be anti-dilutive		218,787			184,868			254,133			210,666
Number of restricted stock shares excluded as their effect would be anti-dilutive		51,830			42,022			56,536			43,018
Number of deferred restricted stock shares excluded as their effect would be anti-dilutive		2,976			5,403			3,427			6,268
Number of performance share awards excluded as their effect would be anti-dilutive		47,896			38,650			51,466			41,106
(a) Percentage allocated to common shares - Weighted average
Common shares outstanding		12,339,308			12,611,020			12,346,372			12,551,889
Unvested participating shares		123,336			99,377			127,219			99,050
		12,462,644			12,710,397			12,473,591			12,650,939