Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.10.0.1
Earnings Per Common Share
 9 Months Ended
Jun. 30, 2018
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 nine months ended June 30, 2018 and 2017, 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,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Net income attributable to Alico, Inc. common stockholders
$
9,100

 
$
5,479

 
$
12,332

 
$
9,577

 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding - basic
8,228

 
8,293

 
8,243

 
8,315

Dilutive effect of equity-based awards
96

 
71

 
71

 
25

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

 
8,364

 
8,314

 
8,340

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

 
$
0.66

 
$
1.50

 
$
1.15

Diluted
$
1.09

 
$
0.66

 
$
1.48

 
$
1.15



The computation of diluted earnings per common share for the three and nine months ended June 30, 2018 and 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.