v3.22.4
Earnings per Share (Tables)
 3 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Calculation of Weighted Average Number of Shares Outstanding Used in Computing Basic and Diluted Net Income Loss Per Share
The following table summarizes the computation of basic and diluted EPS under the two-class or as-converted method, as well as the anti-dilutive shares excluded:
Three Months Ended
December 31,
 20222021
Basic earnings per common share:
Net income$2,648 $14,822 
Less: Preferred stock dividend declared(1,277)(1,323)
Net income available for distribution1,371 13,499 
Income allocated to participating securities(514)(5,267)
Net income available to common shareholders$857 $8,232 
Weighted average basic shares outstanding33,805 32,849 
Basic income per common share$0.03 $0.25 
Three Months Ended
December 31,
 20222021
Diluted earnings per common share:
Method used:Two-classTwo-class
Net income available to common shareholders $857 $8,232 
Weighted average basic shares outstanding33,805 32,849 
Dilutive effect related to employee stock plans603 723 
Weighted average diluted shares outstanding 34,408 33,572 
Diluted income per common share$0.02 $0.25 
Anti-dilutive shares excluded:
Outstanding stock-based grants506 186 
Convertible preferred stock20,297 21,021 
   Total anti-dilutive shares excluded20,803 21,207 
Dilutive shares under the as-converted method(1)
54,705 54,593 
(1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table summarizes the computation of basic and diluted EPS under the two-class or as-converted method, as well as the anti-dilutive shares excluded:
Three Months Ended
December 31,
 20222021
Basic earnings per common share:
Net income$2,648 $14,822 
Less: Preferred stock dividend declared(1,277)(1,323)
Net income available for distribution1,371 13,499 
Income allocated to participating securities(514)(5,267)
Net income available to common shareholders$857 $8,232 
Weighted average basic shares outstanding33,805 32,849 
Basic income per common share$0.03 $0.25 
Three Months Ended
December 31,
 20222021
Diluted earnings per common share:
Method used:Two-classTwo-class
Net income available to common shareholders $857 $8,232 
Weighted average basic shares outstanding33,805 32,849 
Dilutive effect related to employee stock plans603 723 
Weighted average diluted shares outstanding 34,408 33,572 
Diluted income per common share$0.02 $0.25 
Anti-dilutive shares excluded:
Outstanding stock-based grants506 186 
Convertible preferred stock20,297 21,021 
   Total anti-dilutive shares excluded20,803 21,207 
Dilutive shares under the as-converted method(1)
54,705 54,593 
(1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.