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, 2020

As discussed in Note 9 - Equity, the Company has Class A common stock and Class B common stock. Because the only differences between the two classes of common stock are related to voting rights, conversion rights and transfer restrictions applicable to shares of Class B common stock, the Company has not presented earnings per share under the two-class method, as 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 (unaudited in thousands, except share and per share amounts):


	For the Three Months Ended December 31,
	2020		2019
Numerator
Net income attributable to common shareholders	$	7,871	$	5,461
Denominator
Weighted average number of common shares outstanding, basic	51,489,211		51,489,211
Net income per common share attributable to common shareholders, basic	$	0.15	$	0.11

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):


	For the Three Months Ended December 31,
	2020		2019
Numerator
Net income attributable to common stockholders	$	7,871	$	5,461
Denominator
Weighted average number of basic common shares outstanding, basic	51,489,211		51,489,211
Effect of dilutive securities:

2019 restricted stock grants	228,637		120,169
Weighted average number of diluted common shares outstanding:	51,717,848		51,609,380
Net income per diluted common share attributable to common stockholders	$	0.15	$	0.11