Earnings Per Share

12 Months Ended

Sep. 30, 2020

As discussed in Note 12 - 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 (in thousands, except share and per share amounts):


	For the Fiscal Year Ended September 30,
	2020		2019
Numerator
Net income attributable to common stockholders	$	40,297	$	43,121
Denominator
Weighted average number of common shares outstanding, basic	51,489,211		51,421,159
Net income per common share attributable to common stockholders, basic	$	0.78	$	0.84

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 Fiscal Year Ended September 30,
	2020		2019
Numerator
Net income attributable to common stockholders	$	40,297	$	43,121
Denominator
Weighted average number of basic common shares outstanding, basic	51,489,211		51,421,159
Effect of dilutive securities:

2019 restricted stock grants	147,723		6,061
Weighted average number of diluted common shares outstanding:	51,636,934		51,427,220
Net income per diluted common share attributable to common stockholders	$	0.78	$	0.84