Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.2
Earnings Per Share
9 Months Ended
Jun. 30, 2023
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 June 30, For the Nine Months Ended June 30,
2023 2022 2023 2022
Numerator
Net income attributable to common stockholders $ 21,677  $ 12,168  $ 18,088  $ 8,261 
Denominator
Weighted average number of common shares outstanding, basic 51,827,448  51,793,245  51,826,578  51,760,384 
Net income per common share attributable to common stockholders, basic $ 0.42  $ 0.23  $ 0.35  $ 0.16 
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,
2023 2022 2023 2022
Numerator
Net income attributable to common stockholders $ 21,677  $ 12,168  $ 18,088  $ 8,261 
Denominator
Weighted average number of basic common shares outstanding, basic 51,827,448  51,793,245  51,826,578  51,760,384 
Effect of dilutive securities:
Restricted stock grants 466,398  95,266  287,860  168,043 
Weighted average number of diluted common shares outstanding 52,293,846  51,888,511  52,114,438  51,928,427 
Net income per diluted common share attributable to common stockholders $ 0.41  $ 0.23  $ 0.35  $ 0.16