Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
12 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
As described in Note 2 - Initial Public Offering, the Company completed an IPO and Reclassification of common stock during the fiscal year ended September 30, 2018.
The following table summarizes the weighted-average number of basic common shares outstanding and the calculation of basic earnings per share for the periods presented (in thousands, except share and per share amounts):

For the Fiscal Year Ended September  30,

2018
 
2017
Numerator

 

Net income attributable to common shareholders
$
50,791

 
$
26,040

Denominator

 

Weighted average number of common shares outstanding, basic
45,605,845

 
41,550,293

Net income per common share attributable to common shareholders, basic
$
1.11

 
$
0.63



 


The following table summarizes the calculation of the weighted-average number of diluted common shares outstanding and the calculation of diluted earnings per share for the periods presented (in thousands, except share and per share amounts):

For the Fiscal Year Ended September 30,

2018
 
2017
Numerator

 

Net income attributable to common stockholders
$
50,791

 
$
26,040

Denominator

 

Weighted average number of basic common
shares outstanding, basic
45,605,845

 
41,550,293

Effect of dilutive securities:

 

2010 non-plan stock option agreement options
272,915

 

2018 restricted stock grants
40,888

 

Weighted average number of diluted common
shares outstanding:
45,919,648

 
41,550,293

Net income per diluted common share attributable
to common stockholders
$
1.11

 
$
0.63



 



The Company had 768,984 common stock equivalents that were excluded from the calculation of diluted earnings per share for the fiscal year ended September 30, 2017, since their inclusion would be anti-dilutive (see "2010 Non-Plan Stock Option Agreement" described in Note 15 - Equity-Based Compensation). There were no anti-dilutive securities excluded from the calculation of diluted earnings per share for the fiscal year ended September 30, 2018.