Alico, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Jun. 30, 2015

Note 8. Earnings Per Share

Basic earnings per share for our common stock is calculated by dividing net income attributable to Alico, Inc. common stockholders by the weighted average number of shares of common stock outstanding. Diluted earnings per common share is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of common shares issuable under equity-based compensation plans in accordance with the treasury stock method, except where the inclusion of such common shares would have an anti-dilutive impact.

For the three and nine months ended June 30, 2015 and 2014, basic and diluted earnings per common share were as follows

(in thousands, except per share amounts):

	Three Months Ended June 30,				Nine Months Ended June 30,
	2015		2014		2015		2014

Net income attributable to Alico, Inc. common stockholders	$	7,767	$	1,031	$	18,292	$	5,023

Weighted average number of common shares outstanding - basic		8,278		7,356		7,969		7,327
Dilutive effect of equity awards		6		-		2		24
Weighted average number of common shares outstanding - diluted		8,284		7,356		7,971		7,351

Net income per common shares attributable to Alico, Inc. common stockholders:
Basic	$	0.94	$	0.14	$	2.30	$	0.69
Diluted	$	0.94	$	0.14	$	2.29	$	0.68

For the three and nine months ended June 30, 2015, there were no anti-dilutive equity awards that were excluded from the calculation of diluted earnings per share.