Construction Partners, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Sep. 30, 2018

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.