Construction Partners, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Sep. 30, 2019

As discussed in Note 12 - Equity, the Company has Class A common stock and Class B common stock. Because the only difference between the two classes of common stock is related to voting rights, we have 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 (in thousands, except share and per share amounts):


	For the Fiscal Year Ended September 30,
	2019		2018
Numerator
Net income attributable to common shareholders	$	43,121	$	50,791
Denominator
Weighted average number of common shares outstanding, basic	51,421,159		45,605,845
Net income per common share attributable to common shareholders, basic	$	0.84	$	1.11

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):


	For the Fiscal Year Ended September 30,
	2019		2018
Numerator
Net income attributable to common stockholders	$	43,121	$	50,791
Denominator
Weighted average number of basic common shares outstanding, basic	51,421,159		45,605,845
Effect of dilutive securities:
2010 non-plan stock option agreement options	—		272,915
2018 restricted stock grants	6,061		40,888
Weighted average number of diluted common shares outstanding:	51,427,220		45,919,648
Net income per diluted common share attributable to common stockholders	$	0.84	$	1.11