Net Income Per Share

3 Months Ended

Dec. 31, 2022

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
	December 31,
	2021		2022
Weighted average common shares outstanding used in calculating basic net income per share		21,899,264		21,756,165
Effect of dilutive options and non-vested restricted stock awards		764,430		467,008
Weighted average common and common equivalent shares used in calculating diluted net income per share		22,663,694		22,223,173

For the three months ended December 31, 2021 and 2022, there were 328,185 and 257,811 weighted average shares of options 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.