Annual report pursuant to Section 13 and 15(d)

Note 2 - Earnings per Share

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Note 2 - Earnings per Share
 12 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 2.       Earnings per Share

Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period.  Diluted EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period after giving effect to all dilutive potential common shares that were outstanding during the period.  Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and unvested shares granted to employees.

   
Year Ended September 30,
 
Denominator
 
2013
   
2012
   
2011
 
Weighted average common shares outstanding - basic
    28,376,607       27,693,721       27,287,342  
Net effect of dilutive securities:
                       
Options
    162,195       913,600       1,243,222  
Warrants
    —       39,823       59,197  
Unvested restricted shares
    187,676       286,000       381,250  
Total net effect of dilutive securities
    349,871       1,239,423       1,683,669  
Weighted average common shares outstanding - diluted
    28,726,478       28,933,144       28,971,011  
Income per common share – basic
  $ 0.51     $ 0.55     $ 0.20  
Income per common share – diluted
  $ 0.50     $ 0.53     $ 0.19  
                         

All the outstanding warrants and stock options were included in the computation of diluted net income per share for the years ended September 30, 2013, 2012 and 2011.