Construction Partners, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Jun. 30, 2022

As discussed in Note 9 - Equity, the Company has Class A common stock and Class B common stock. Because the only differences between the two classes of common stock are related to voting rights, conversion rights and transfer restrictions applicable to shares of Class B common stock, the Company has not presented earnings per share under the two-class method, as the earnings per share are the same for both Class A common stock and Class B common stock. 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 (unaudited in thousands, except share and per share amounts):


	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2022		2021		2022		2021
Numerator
Net income (loss) attributable to common stockholders	$	12,168	$	9,340	$	8,261	$	12,276
Denominator
Weighted average number of common shares outstanding, basic	51,793,245		51,686,735		51,760,384		51,620,143
Net income (loss) per common share attributable to common stockholders, basic	$	0.23	$	0.18	$	0.16	$	0.24

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 (unaudited in thousands, except share and per share amounts):


	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2022		2021		2022		2021
Numerator
Net income (loss) attributable to common stockholders	$	12,168	$	9,340	$	8,261	$	12,276
Denominator
Weighted average number of basic common shares outstanding, basic	51,793,245		51,686,735		51,760,384		51,620,143
Effect of dilutive securities:

Restricted stock grants under 2018 Equity Incentive Plan	95,266		177,668		168,043		106,852
Weighted average number of diluted common shares outstanding	51,888,511		51,864,403		51,928,427		51,726,994
Net income (loss) per diluted common share attributable to common stockholders	$	0.23	$	0.18	$	0.16	$	0.24