Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.4.0.3
Earnings Per Common Share
6 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share
Basic earnings per share for Alico's 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 for the period. 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 six months ended March 31, 2016 and 2015, basic and diluted earnings per common share were as follows:

(in thousands except per share amounts)
 
 
 
 
 
 
 
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Net income attributable to Alico, Inc. common stockholders
$
8,734

 
$
4,226

 
$
5,722

 
$
9,433

 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding - basic
8,286

 
8,272

 
8,294

 
7,815

Dilutive effect of equity awards
17

 

 
15

 

Weighted average number of common shares outstanding - diluted
8,303

 
8,272

 
8,309

 
7,815

 
 
 
 
 
 
 
 
Net income per common shares attributable to Alico, Inc. common stockholders:
 
 
 
 
 
 
 
Basic
$
1.05

 
$
0.51

 
$
0.69

 
$
1.21

Diluted
$
1.05

 
$
0.51

 
$
0.69

 
$
1.21