EARNINGS PER SHARE

9 Months Ended

Jun. 30, 2022

6. EARNINGS PER SHARE

Basic earnings per share available to common shareholders is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding for each period. Diluted earnings per share available to common shareholders is calculated by dividing net income available to common shareholders by the sum of the weighted average number of common shares outstanding and the weighted average dilutive equity awards.


	For the three months ended June
	2022				2021
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		569,689		569,689		551,369		551,369
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		12,681		—		18,112
Weighted average number of shares outstanding		569,689		582,370		551,369		569,481
Net income available to common shareholders	$	5,982,831	$	5,982,831	$	3,691,210	$	3,691,210

Net earnings per share available to common shareholders	$	10.50	$	10.27	$	6.69	$	6.48

(1)	Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.


	For the nine months ended June
	2022				2021
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		567,026		567,026		550,276		550,276
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		14,552		—		11,664
Weighted average number of shares outstanding		567,026		581,578		550,276		561,940
Net income available to common shareholders	$	11,990,068	$	11,990,068	$	9,197,728	$	9,197,728

Net earnings per share available to common shareholders	$	21.15	$	20.62	$	16.71	$	16.37

(1)	Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.