| Earnings Per Share |
Earnings Per Share
As described in Note 8 - Equity, the Company completed an IPO and Reclassification of common stock during the third quarter of the fiscal year ended September 30, 2018.
The following table summarizes the weighted-average number of basic and diluted common shares outstanding and the calculation of basic and diluted earnings per share for the periods presented (in thousands, except share and per share amounts):
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Basic |
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For the Three Months Ended March 31, |
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For the Six Months Ended March 31, |
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2019 |
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2018 |
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2019 |
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2018 |
Numerator |
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Net income attributable to common shareholders |
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$ |
4,212 |
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$ |
11,248 |
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$ |
9,366 |
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$ |
22,244 |
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Denominator |
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Weighted average number of common shares outstanding, basic |
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51,414,619 |
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41,717,024 |
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51,414,619 |
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41,704,071 |
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Net income per common share attributable to common shareholders, basic |
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$ |
0.08 |
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$ |
0.27 |
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$ |
0.18 |
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$ |
0.53 |
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Diluted |
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For the Three Months Ended March 31, |
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For the Six Months Ended March 31, |
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2019 |
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2018 |
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2019 |
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2018 |
Numerator |
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Net income attributable to common stockholders |
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$ |
4,212 |
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$ |
11,248 |
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$ |
9,366 |
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$ |
22,244 |
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Denominator |
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Weighted average number of common
shares outstanding, basic |
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51,414,619 |
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41,717,024 |
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51,414,619 |
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41,704,071 |
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Effect of dilutive securities: |
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2010 Non-Plan Stock Options Agreement options |
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— |
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193,098 |
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— |
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170,371 |
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Weighted average number of common
shares outstanding, diluted |
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51,414,619 |
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41,910,122 |
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51,414,619 |
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41,874,442 |
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Net income per common share attributable
to common stockholders, diluted |
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$ |
0.08 |
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$ |
0.27 |
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$ |
0.18 |
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$ |
0.53 |
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The Company excluded 63,000 common stock equivalents from the calculation of diluted earnings per share for the three and six months ended March 31, 2018 because their inclusion would be anti-dilutive. There were no anti-dilutive securities excluded from the calculation of diluted earnings per share for the three or six months ended March 31, 2019.
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