Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.2
Earnings Per Share
 9 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
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.
As described in Note 2 - Significant Accounting Policies, Earnings Per Share, diluted earnings per share is calculated by dividing net income attributable to common stockholders by the basic weighted average number of common shares outstanding and potential
dilutive common shares determined using the treasury method, as applicable for the respective periods. Securities that are anti-dilutive are not included in the calculation of diluted earnings per share.
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):
Basic
For the Three Months Ended June 30, For the Nine Months Ended June 30,
2019  2018  2019  2018 
Numerator
Net income attributable to common stockholders $ 17,202  $ 13,403  $ 26,568  $ 35,647 
Denominator
Weighted average number of common shares outstanding, basic 51,414,619  46,557,785  51,414,619  43,648,309 
Net income per common share attributable to common shareholders, basic $ 0.33  $ 0.29  $ 0.52  $ 0.82 
Diluted
For the Three Months Ended June 30, For the Nine Months Ended June 30,
2019  2018  2019  2018 
Numerator
Net income attributable to common stockholders $ 17,202  $ 13,403  $ 26,568  $ 35,647 
Denominator
Weighted average number of common
shares outstanding, basic		 51,414,619  46,557,785  51,414,619  43,648,309 
Effect of dilutive securities:
2010 Non-Plan Stock Options —  387,892  —  271,163 
2018 Restricted Stock Grants —  42,682  —  13,074 
2019 Restricted Stock Grants 8,280  —  268  — 
Weighted average number of common
shares outstanding, diluted		 51,422,899  46,988,359  51,414,887  43,932,546 
Net income per common share attributable
to common stockholders, diluted		 $ 0.33  $ 0.29  $ 0.52  $ 0.81