Construction Partners, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Dec. 31, 2019

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