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

3 Months Ended

Dec. 31, 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 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