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EARNINGS PER SHARE: (Tables)
12 Months Ended
Sep. 30, 2014
EARNINGS PER SHARE:  
Schedule of net earnings per share available to common shareholders

 

                                                                                                                                                                                    

 

 

For Fiscal Years

 

 

 

2014
Basic

 

2013
Basic

 

Weighted average common shares outstanding

 

 

610,392

 

 

622,904

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

4,959,528

 

$

5,858,672

 

Deduct: convertible preferred stock dividends

 

 

(195,105

)

 

(205,218

)

 

 

 

 

 

 

Net income available to common shareholders

 

$

4,764,423

 

$

5,653,454

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share available to common shareholders

 

$

7.81

 

$

9.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                                                                                                                                                    

 

 

2014
Diluted

 

2013
Diluted

 

Weighted average common shares outstanding

 

 

610,392 

 

 

622,904 

 

Weighted average of net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock(1)

 

 

124,835 

 

 

128,908 

 

 

 

 

 

 

 

Weighted average number of shares outstanding

 

 

735,227 

 

 

751,812 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

4,959,528 

 

$

5,858,672 

 

Deduct: convertible preferred stock dividends(2)

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

4,959,528 

 

$

5,858,672 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share available to common shareholders

 

$

6.75 

 

$

7.79 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1)

Diluted earnings per share calculation includes all stock options, convertible preferred stock, and restricted stock units deemed to be dilutive.

(2)

Diluted earnings per share calculation excludes dividend payments for convertible preferred stock deemed to be dilutive, as those amounts are assumed to have been converted to common stock of the Company.