| 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):
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For the Three Months Ended March 31, |
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For the Six Months Ended March 31, |
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2020 |
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2019 |
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2020 |
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2019 |
| Numerator |
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| Net income attributable to common shareholders |
$ |
1,537 |
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$ |
4,212 |
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$ |
6,998 |
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$ |
9,366 |
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| Denominator |
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| Weighted average number of common shares outstanding, basic |
51,489,211 |
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|
51,414,619 |
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51,489,211 |
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51,414,619 |
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| Net income per common share attributable to common shareholders, basic |
$ |
0.03 |
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$ |
0.08 |
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$ |
0.14 |
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$ |
0.18 |
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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):
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For the Three Months Ended March 31, |
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For the Six Months Ended March 31, |
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2020 |
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2019 |
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2020 |
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2019 |
| Numerator |
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| Net income attributable to common stockholders |
$ |
1,537 |
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$ |
4,212 |
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$ |
6,998 |
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$ |
9,366 |
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| Denominator |
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| Weighted average number of basic common shares outstanding, basic |
51,489,211 |
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|
51,414,619 |
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51,489,211 |
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|
51,414,619 |
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| Effect of dilutive securities: |
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| Restricted stock grants under 2018 Equity Incentive Plan |
130,192 |
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— |
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123,129 |
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— |
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| Weighted average number of diluted common shares outstanding |
51,619,403 |
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51,414,619 |
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51,612,340 |
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51,414,619 |
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| Net income per diluted common share attributable to common stockholders |
$ |
0.03 |
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$ |
0.08 |
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$ |
0.14 |
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$ |
0.18 |
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