| 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 June 30, |
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For the Nine Months Ended June 30, |
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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 |
$ |
15,747 |
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|
$ |
17,202 |
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|
$ |
22,745 |
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|
$ |
26,568 |
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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 |
$ |
0.31 |
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|
$ |
0.33 |
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|
$ |
0.44 |
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$ |
0.52 |
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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 June 30, |
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For the Nine Months Ended June 30, |
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2020 |
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2019 |
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2020 |
|
2019 |
| Numerator |
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| Net income attributable to common stockholders |
$ |
15,747 |
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|
$ |
17,202 |
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|
$ |
22,745 |
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|
$ |
26,568 |
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| Denominator |
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|
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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 |
157,174 |
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|
8,280 |
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|
134,416 |
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|
268 |
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| Weighted average number of diluted common shares outstanding |
51,646,385 |
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|
51,422,899 |
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|
51,623,627 |
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|
51,414,887 |
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| Net income per diluted common share attributable to common stockholders |
$ |
0.30 |
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$ |
0.33 |
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$ |
0.44 |
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$ |
0.52 |
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