Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.3.a.u2
Earnings Per Share
3 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
As discussed in Note 9 - Equity, the Company has two classes of common stock. The Company has not presented earnings per share under the two-class method, because 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 Three Months Ended December 31,
2019    2018   
Numerator
Net income attributable to common shareholders $ 5,461    $ 5,154   
Denominator
Weighted average number of common shares outstanding, basic 51,489,211    51,414,619   
Net income per common share attributable to common shareholders, basic $ 0.11    $ 0.10   
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 Three Months Ended December 31,
2019 2018
Numerator
Net income attributable to common stockholders $ 5,461    $ 5,154   
Denominator
Weighted average number of basic common shares outstanding, basic 51,489,211    51,414,619   
Effect of dilutive securities:
Restricted stock grants under 2018 Equity Incentive Plan 120,169    —   
Weighted average number of diluted common shares outstanding: 51,609,380    51,414,619   
Net income per diluted common share attributable to common stockholders $ 0.11    $ 0.10