Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.24.1.1.u2
Earnings Per Share
6 Months Ended
Mar. 31, 2024
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 March 31, For the Six Months Ended March 31,
2024 2023 2024 2023
Numerator
Net income (loss) attributable to common stockholders $ (1,124) $ (5,481) $ 8,719  $ (3,589)
Denominator
Weighted average number of common shares outstanding, basic 51,938,216  51,827,365  51,915,069  51,826,143 
Net income (loss) per common share attributable to common stockholders, basic $ (0.02) $ (0.11) $ 0.17  $ (0.07)
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 March 31, For the Six Months Ended March 31,
2024 2023 2024 2023
Numerator
Net income (loss) attributable to common stockholders $ (1,124) $ (5,481) $ 8,719  $ (3,589)
Denominator
Weighted average number of basic common shares outstanding, basic 51,938,216  51,827,365  51,915,069  51,826,143 
Effect of dilutive securities:
Restricted stock grants —  —  608,031  — 
Weighted average number of diluted common shares outstanding: 51,938,216  51,827,365  52,523,100  51,826,143 
Net income (loss) per diluted common share attributable to common stockholders $ (0.02) $ (0.11) $ 0.17  $ (0.07)