Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.6.0.2
Earnings Per Common Share
 3 Months Ended
Dec. 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 months ended December 31, 2016 and 2015, basic and diluted earnings per common share were as follows:

(in thousands except per share amounts)
 
 
 
 
Three Months Ended December 31,
 
2016
 
2015
 
 
 
 
Net loss attributable to Alico, Inc. common stockholders
$
(1,735
)
 
$
(3,011
)
 
 
 
 
Weighted average number of common shares outstanding - basic
8,324

 
8,303

Dilutive effect of equity-based awards
—

 
—

Weighted average number of common shares outstanding - diluted
8,324

 
8,303

 
 
 
 
Net loss per common shares attributable to Alico, Inc. common stockholders:
 
 
 
Basic
$
(0.21
)
 
$
(0.36
)
Diluted
$
(0.21
)
 
$
(0.36
)


The computation of diluted earnings per common share for the three months ended December 31, 2016 and 2015 excludes the impact of certain equity awards because they are anti-dilutive. Such awards are comprised of 750,000 stock options granted to Executive Officers (see Note 9. "Related Party Transactions") during the three months ended December 31, 2016 and 12,500 shares awarded to the Chief Executive Officer and Chief Financial Officer during the fiscal year ended September 30, 2015.