The following table is a reconciliation of the numerators and denominators in the net income per common share calculations (in thousands, except per common share data):


	Three months ended June 30,				Nine months ended June 30,
	2026		2025		2026		2025
Numerator:


Net income	$	15,740	$	10,243	$	38,754	$	30,823

Denominator:
Denominator for basic net income per common share — weighted average shares outstanding	37,776		37,073		37,588		36,902
Effect of dilutive securities:
Stock options and restricted stock units	1,143		580		1,058		721
Denominator for diluted net income per common share — adjusted weighted average shares	38,919		37,653		38,646		37,623




Net income per common share, basic	$	0.42	$	0.28	$	1.03	$	0.84



Net income per common share, diluted	$	0.40	$	0.27	$	1.00	$	0.82

Digi excludes certain stock options and restricted stock unit awards that would have an anti-dilutive effect on our diluted net income per share calculation. For the three months ended June 30, 2026 and 2025, 8,608 and 337,179 shares outstanding were excluded, respectively. For the nine months ended June 30, 2026 and 2025, 43,981 and 206,008 shares outstanding were excluded, respectively.