Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.2
Earnings Per Share
9 Months Ended
Jun. 30, 2020
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 June 30, For the Nine Months Ended June 30,
2020 2019 2020 2019
Numerator
Net income attributable to common shareholders $ 15,747    $ 17,202    $ 22,745    $ 26,568   
Denominator
Weighted average number of common shares outstanding, basic 51,489,211    51,414,619    51,489,211    51,414,619   
Net income per common share attributable to common shareholders, basic $ 0.31    $ 0.33    $ 0.44    $ 0.52   
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 June 30, For the Nine Months Ended June 30,
2020 2019 2020 2019
Numerator
Net income attributable to common stockholders $ 15,747    $ 17,202    $ 22,745    $ 26,568   
Denominator
Weighted average number of basic common shares outstanding, basic 51,489,211    51,414,619    51,489,211    51,414,619   
Effect of dilutive securities:
Restricted stock grants under 2018 Equity Incentive Plan 157,174    8,280    134,416    268   
Weighted average number of diluted common shares outstanding 51,646,385    51,422,899    51,623,627    51,414,887   
Net income per diluted common share attributable to common stockholders $ 0.30    $ 0.33    $ 0.44    $ 0.52