v3.26.1
Net Income Per Share
6 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Share
15.
NET INCOME PER SHARE:

The following table presents shares used in the calculation of basic and diluted net income per share:

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Weighted average common shares outstanding used in
   calculating basic net income per share

 

22,027,425

 

 

 

22,616,518

 

 

 

21,984,675

 

 

 

22,616,069

 

 

Effect of dilutive options and non-vested restricted stock
   awards

 

 

 

 

707,829

 

 

 

 

 

 

738,787

 

 

Weighted average common and common equivalent shares
   used in calculating diluted net income per share

 

22,027,425

 

 

 

23,324,347

 

 

 

21,984,675

 

 

 

23,354,856

 

 

For the three months ended March 31, 2026 and 2025, there were 1.8 million and 0.2 million weighted average shares of options outstanding and non-vested restricted stock outstanding, respectively, that were not included in the computation of diluted net income per share because the options’ exercise prices or non-vested restricted stock prices were greater than the average market price of our common stock, and therefore, their effect would be anti-dilutive. For the six months ended March 31, 2026 and 2025, there were approximately 1.8 million and 0.02 million weighted average shares of options outstanding and non-vested restricted stock outstanding, respectively, that were not included in the computation of diluted net income per share because the options’ exercise prices or non-vested restricted stock prices were greater than the average market price of our common stock, and therefore, their effect would be anti-dilutive.