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

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

Earnings Per Common Share

9 Months Ended

Jun. 30, 2016

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 nine months ended June 30, 2016 and 2015, 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,
	2016		2015		2016		2015

Net income attributable to Alico, Inc. common stockholders	$	4,681	$	9,176	$	10,404	$	18,609

Weighted average number of common shares outstanding - basic	8,309		8,278		8,299		7,969
Dilutive effect of equity-based awards	—		6		10		2
Weighted average number of common shares outstanding - diluted	8,309		8,284		8,309		7,971

Net income per common shares attributable to Alico, Inc. common stockholders:
Basic	$	0.56	$	1.11	$	1.25	$	2.34
Diluted	$	0.56	$	1.11	$	1.25	$	2.34