Summary of 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):
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Basic |
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For the Three Months Ended June 30, |
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For the Nine Months Ended June 30, |
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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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$ |
17,202 |
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$ |
13,403 |
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$ |
26,568 |
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$ |
35,647 |
Denominator |
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Weighted average number of common shares outstanding, basic |
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51,414,619 |
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46,557,785 |
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51,414,619 |
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43,648,309 |
Net income per common share attributable to common shareholders, basic |
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$ |
0.33 |
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$ |
0.29 |
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$ |
0.52 |
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$ |
0.82 |
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Diluted |
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For the Three Months Ended June 30, |
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For the Nine Months Ended June 30, |
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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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$ |
17,202 |
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$ |
13,403 |
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$ |
26,568 |
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$ |
35,647 |
Denominator |
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Weighted average number of common shares outstanding, basic |
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51,414,619 |
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46,557,785 |
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51,414,619 |
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43,648,309 |
Effect of dilutive securities: |
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2010 Non-Plan Stock Options |
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— |
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387,892 |
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— |
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271,163 |
2018 Restricted Stock Grants |
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— |
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42,682 |
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— |
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13,074 |
2019 Restricted Stock Grants |
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8,280 |
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— |
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268 |
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— |
Weighted average number of common shares outstanding, diluted |
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51,422,899 |
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46,988,359 |
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51,414,887 |
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43,932,546 |
Net income per common share attributable to common stockholders, diluted |
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$ |
0.33 |
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$ |
0.29 |
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$ |
0.52 |
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$ |
0.81 |
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