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