Computation of Basic and Diluted Net Earnings Per Share |
The following table presents the computation of basic and diluted net earnings per share:
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Three Months Ended June 30, |
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Nine Months Ended June 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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Basic |
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Net income |
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$ |
9,938 |
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$ |
3,585 |
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$ |
24,085 |
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$ |
6,451 |
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Less: preferred stock dividends |
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— |
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— |
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— |
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— |
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Net income applicable to common stock |
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$ |
9,938 |
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$ |
3,585 |
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$ |
24,085 |
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$ |
6,451 |
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Weighted average common shares outstanding |
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1,566,064 |
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1,646,836 |
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1,563,025 |
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1,735,416 |
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Basic earnings per share |
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$ |
6.35 |
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$ |
2.18 |
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$ |
15.41 |
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$ |
3.72 |
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Diluted |
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Net income applicable to common stock |
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$ |
9,938 |
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$ |
3,585 |
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$ |
24,085 |
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$ |
6,451 |
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Add: preferred stock dividends |
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— |
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— |
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— |
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— |
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Net income applicable for diluted earnings per share |
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$ |
9,938 |
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$ |
3,585 |
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$ |
24,085 |
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$ |
6,451 |
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Weighted average common shares outstanding |
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1,566,064 |
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1,646,836 |
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1,563,025 |
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1,735,416 |
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Add: Options |
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105,000 |
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— |
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105,000 |
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— |
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Add: Series B Preferred Stock |
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1,578,950 |
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1,071,220 |
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1,578,950 |
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1,071,220 |
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Add: Series B Preferred Stock Warrants |
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— |
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590,147 |
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— |
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590,147 |
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Add: Series E Preferred Stock |
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47,840 |
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47,840 |
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47,840 |
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47,840 |
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Assumed weighted average common shares outstanding |
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3,297,854 |
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3,356,043 |
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3,294,815 |
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3,444,623 |
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Diluted earnings per share |
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$ |
3.01 |
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$ |
1.07 |
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$ |
7.31 |
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$ |
1.87 |
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