| Summary of Calculation of the Weighted Average Number of Basic and Diluted Common Shares Outstanding and the Calculation of Basic and Diluted Earnings Per Share |
The following summarizes the weighted-average number of basic
common shares outstanding and the calculation of basic earnings per
share for the periods presented (in thousands, except share and per
share amounts):
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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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2018 |
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2017 |
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2018 |
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2017 |
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Numerator
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Net income attributable to common stockholders
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$ |
11,248 |
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$ |
2,800 |
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$ |
22,244 |
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$ |
7,361 |
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Denominator
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Weighted average number of basic common shares outstanding
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41,717,024 |
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41,502,490 |
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41,704,071 |
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41,502,490 |
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Net income per basic common share attributable to common
stockholders
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$ |
0.27 |
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$ |
0.07 |
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$ |
0.53 |
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$ |
0.18 |
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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 (in thousands, except share and per share amounts):
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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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2018 |
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2017 |
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2018 |
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2017 |
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Numerator
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Net income attributable to common stockholders
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$ |
11,248 |
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$ |
2,800 |
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$ |
22,244 |
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$ |
7,361 |
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Denominator
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Weighted average number of basic common shares outstanding
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41,717,024 |
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41,502,490 |
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41,704,071 |
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41,502,490 |
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Effect of dilutive securities:
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2016 Equity Incentive Plan options
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— |
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2,690 |
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— |
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— |
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2010 Non-Plan Stock
Options Agreement options
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193,098 |
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— |
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170,371 |
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— |
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Weighted average number of diluted common shares outstanding:
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41,910,122 |
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41,505,180 |
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41,874,442 |
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41,502,490 |
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Net income per diluted common share attributable to common
stockholders
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$ |
0.27 |
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$ |
0.07 |
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$ |
0.53 |
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$ |
0.18 |
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