v3.25.2
Note 11 - Earnings Per Share and Dividends Per Share
9 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

(11)

Earnings per Share and Dividends per Share

 

 The weighted average common shares outstanding used in the calculation of basic earnings per share and weighted average common shares outstanding, adjusted for common stock equivalents, used in the computation of diluted earnings per share were as follows:

 

  

Three Months Ended June 30,

 
  

2025

  

2024

 

Weighted average common stock outstanding, basic

  7,786,191   7,679,212 

Dilutive impact of RSUs

  174,681   52,856 

Weighted average common stock outstanding, diluted

  7,960,872   7,732,068 

 

  

Nine Months Ended June 30,

 
  

2025

  

2024

 

Weighted average common stock outstanding, basic

  7,783,445   7,675,821 

Dilutive impact of RSUs

  156,108   23,166 

Weighted average common stock outstanding, diluted

  7,939,553   7,698,987 

 

For the three months ended June 30, 2025 and 2024, the Company did not exclude common stock equivalents from the diluted earnings per share calculations. For the nine months ended June 30, 2025 and 2024, the Company excluded 0 and 177,653 common stock equivalents, respectively, from the diluted earnings per share calculations because they were not dilutive. The excluded common stock equivalents consisted of non‑vested RSUs.

 

The Company paid a quarterly cash dividend of $0.1375 per share on June 4, 2025, to shareholders of record as of May 20, 2025.