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A reconciliation of the denominators of the basic and diluted EPS calculations follows, in thousands, except per share amounts:
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Years Ended September 30, |
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2022 |
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2021 |
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2020 |
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Numerator: |
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Net income (loss) from continuing operations |
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$ |
17,367 |
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$ |
1,508 |
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$ |
(3,907 |
) |
Net loss from discontinued operations |
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$ |
— |
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$ |
— |
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$ |
(11,816 |
) |
Net income (loss) |
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$ |
17,367 |
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$ |
1,508 |
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$ |
(15,723 |
) |
Denominator: |
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Weighted-average shares used to compute basic EPS |
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14,014 |
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14,189 |
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14,159 |
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Common stock equivalents (1) |
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170 |
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151 |
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— |
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Weighted-average shares used to compute diluted EPS |
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14,184 |
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14,340 |
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14,159 |
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Basic income (loss) per share from continuing operations |
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$ |
1.24 |
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$ |
0.11 |
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$ |
(0.28 |
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Basic loss per share from discontinued operations |
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$ |
— |
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$ |
— |
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$ |
(0.83 |
) |
Net income (loss) per basic share |
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$ |
1.24 |
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$ |
0.11 |
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$ |
(1.11 |
) |
Diluted income (loss) per share from continuing operations |
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$ |
1.22 |
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$ |
0.11 |
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$ |
(0.28 |
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Diluted loss per share from discontinued operations |
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$ |
— |
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$ |
— |
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$ |
(0.83 |
) |
Net income (loss) per diluted share |
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$ |
1.22 |
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$ |
0.11 |
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$ |
(1.11 |
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(1) The number of common stock equivalents is calculated using the treasury stock method and the average market price during the period.
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