Earnings Per Share

12 Months Ended

Sep. 30, 2024

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,
	2024		2023		2022
Numerator
Net income attributable to common stockholders	$	68,935	$	49,001	$	21,376
Denominator
Weighted average number of common shares outstanding, basic	51,883,760		51,827,001		51,773,559
Net income per common share attributable to common stockholders, basic	$	1.33	$	0.95	$	0.41

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,
	2024		2023		2022
Numerator
Net income attributable to common stockholders	$	68,935	$	49,001	$	21,376
Denominator
Weighted average number of basic common shares outstanding, basic	51,883,760		51,827,001		51,773,559
Effect of dilutive securities:

Restricted stock unit grants	690,743		433,205		183,861
Weighted average number of diluted common shares outstanding:	52,574,503		52,260,206		51,957,420
Net income per diluted common share attributable to common stockholders	$	1.31	$	0.94	$	0.41