Earnings Per Share

3 Months Ended

Dec. 31, 2023

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,
	2023		2022
Numerator
Net income attributable to common stockholders	$	9,843	$	1,892
Denominator
Weighted average number of common shares outstanding, basic	51,892,426		51,824,948
Net income per common share attributable to common stockholders, basic	$	0.19	$	0.04

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,
	2023		2022
Numerator
Net income attributable to common stockholders	$	9,843	$	1,892
Denominator
Weighted average number of basic common shares outstanding, basic	51,892,426		51,824,948
Effect of dilutive securities:

Restricted stock grants	538,438		295,636
Weighted average number of diluted common shares outstanding:	52,430,864		52,120,584
Net income per diluted common share attributable to common stockholders	$	0.19	$	0.04