Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

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Earnings Per Common Share
 3 Months Ended
Dec. 31, 2017
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, 2017 and 2016, basic and diluted earnings per common share were as follows:

(in thousands except per share amounts)
 
 
 
 
Three Months Ended December 31,
 
2017
 
2016
 
 
 
 
Net income (loss) attributable to Alico, Inc. common stockholders
$
8,746

 
$
(1,735
)
 
 
 
 
Weighted average number of common shares outstanding - basic
8,245

 
8,324

Dilutive effect of equity-based awards
119

 
—

Weighted average number of common shares outstanding - diluted
8,364

 
8,324

 
 
 
 
Net income (loss) per common shares attributable to Alico, Inc. common stockholders:
 
 
 
Basic
$
1.06

 
$
(0.21
)
Diluted
$
1.05

 
$
(0.21
)


The computation of diluted earnings per common share for the three months ended December 31, 2017 includes the impact of certain equity awards because they are dilutive. Such awards are comprised of 750,000 stock options granted to Executive Officers (see Note 12. "Related Party Transactions") during the three months ended December 31, 2016.