Basic net income per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net income divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options and restricted stock awards, when dilutive.

 

The following is a reconciliation of the numerator and denominator of the net income per common share computations for the and months ended and

 

		Three Months Ended June 30,								Nine Months Ended June 30,
		2017				2016				2017				2016
Net income		$	803,316			$	2,362,061			$	2,587,767			$	5,342,494
Weighted average common shares			13,522,755				13,397,509				13,559,704				13,331,632
Dilutive potential common shares			75,827				409,419				171,241				322,844
Weighted average dilutive common shares outstanding			13,598,582				13,806,928				13,730,945				13,654,476
Net income per common share:
Basic		$	0.06			$	0.18			$	0.19			$	0.40
Diluted		$	0.06			$	0.17			$	0.19			$	0.39