Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2020

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 March 31,						For the Six Months Ended March 31,
	2020		2019		2020		2019
Numerator
Net income attributable to common shareholders	$	1,537	$	4,212	$	6,998	$	9,366
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	$	0.03	$	0.08	$	0.14	$	0.18

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 March 31,						For the Six Months Ended March 31,
	2020		2019		2020		2019
Numerator
Net income attributable to common stockholders	$	1,537	$	4,212	$	6,998	$	9,366
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	130,192		—		123,129		—
Weighted average number of diluted common shares outstanding	51,619,403		51,414,619		51,612,340		51,414,619
Net income per diluted common share attributable to common stockholders	$	0.03	$	0.08	$	0.14	$	0.18