Computation of Basic and Diluted Net Earnings Per Share |
The following table presents the computation of basic and diluted net earnings per share (in $000's):
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Three Months Ended March 31, 2023 |
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Six Months Ended March 31, 2023 |
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2023 |
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2022 |
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2023 |
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2022 |
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Basic |
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Net income |
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$ |
1,558 |
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$ |
15,358 |
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$ |
3,402 |
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$ |
21,904 |
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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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$ |
1,558 |
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$ |
15,358 |
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$ |
3,402 |
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$ |
21,904 |
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Weighted average common shares outstanding |
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3,143,911 |
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3,134,540 |
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3,101,007 |
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3,148,059 |
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Basic earnings per share |
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$ |
0.50 |
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$ |
4.90 |
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$ |
1.10 |
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$ |
6.96 |
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Diluted |
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Net income applicable to common stock |
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$ |
1,558 |
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$ |
15,358 |
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$ |
3,402 |
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$ |
21,904 |
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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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$ |
1,558 |
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$ |
15,358 |
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$ |
3,402 |
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$ |
21,904 |
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Weighted average common shares outstanding |
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3,143,911 |
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3,134,540 |
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3,101,007 |
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3,148,059 |
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Add: Options |
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40,832 |
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38,102 |
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36,379 |
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38,825 |
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Add: Series B Preferred Stock |
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— |
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— |
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— |
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— |
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Add: Series B Preferred Stock Warrants |
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— |
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— |
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— |
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— |
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Add: Series E Preferred Stock |
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239 |
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239 |
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239 |
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239 |
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Assumed weighted average common shares outstanding |
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3,184,982 |
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3,172,881 |
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3,137,625 |
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3,187,123 |
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Diluted earnings per share |
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$ |
0.49 |
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$ |
4.84 |
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$ |
1.08 |
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$ |
6.87 |
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