Earnings Per Share

9 Months Ended

Jun. 30, 2020

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