| Summary of Calculation of the Weighted Average Number of Basic and Diluted Common Shares Outstanding and the Calculation of Basic and Diluted Earnings Per Share |
The following summarizes the weighted-average number of basic
common shares outstanding and the calculation of basic earnings per
share for the periods presented (unaudited 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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2018 |
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2017 |
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2018 |
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2017 |
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Numerator
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Net income attributable to common stockholders
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$ |
13,403 |
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$ |
6,412 |
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$ |
35,647 |
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$ |
13,773 |
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Denominator
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Weighted average number of basic common
shares outstanding
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46,557,785 |
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41,538,989 |
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43,648,309 |
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41,514,656 |
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Net income per basic common share attributable to common
stockholders
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$ |
0.29 |
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$ |
0.15 |
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$ |
0.82 |
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$ |
0.33 |
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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 (unaudited 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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2018 |
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2017 |
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2018 |
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2017 |
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Numerator
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Net income attributable to common stockholders
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$ |
13,403 |
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$ |
6,412 |
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$ |
35,647 |
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$ |
13,773 |
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Denominator
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Weighted average number of basic common shares outstanding
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46,557,785 |
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41,538,989 |
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43,648,309 |
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41,514,656 |
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Effect of dilutive securities:
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2016 Equity Incentive Plan options
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— |
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27,355 |
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— |
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26,791 |
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2010 Non-Plan Stock
Options Agreement options
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387,892 |
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— |
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271,163 |
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— |
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2018 Restricted Stock grants
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42,682 |
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— |
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13,074 |
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— |
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Weighted average number of diluted common shares outstanding:
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46,988,359 |
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41,566,344 |
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43,932,546 |
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41,541,447 |
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Net income per diluted common share attributable to common
stockholders
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$ |
0.29 |
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$ |
0.15 |
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$ |
0.81 |
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$ |
0.33 |
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