Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.4
Earnings Per Share
3 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
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 December 31,
2022 2021
Numerator
Net income attributable to common shareholders $ 1,892  $ 5,511 
Denominator
Weighted average number of common shares outstanding, basic 51,824,948  51,696,004 
Net income per common share attributable to common shareholders, basic $ 0.04  $ 0.11 
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 December 31,
2022 2021
Numerator
Net income attributable to common stockholders $ 1,892  $ 5,511 
Denominator
Weighted average number of basic common shares outstanding, basic 51,824,948  51,696,004 
Effect of dilutive securities:
Restricted stock grants 295,636  281,970 
Weighted average number of diluted common shares outstanding: 52,120,584  51,977,974 
Net income per diluted common share attributable to common stockholders $ 0.04  $ 0.11