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, 2019
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, 2019 and 2018, basic and diluted earnings per common share were as follows:

(in thousands except per share amounts)
 
 
 
 
Three Months Ended December 31,
 
2019
 
2018
 
 
 
 
Net income (loss) attributable to Alico, Inc. common stockholders
$
791

 
$
(2,467
)
 
 
 
 
Weighted average number of common shares outstanding - basic
7,477

 
7,479

Dilutive effect of equity-based awards
14

 
—

Weighted average number of common shares outstanding - diluted
7,491

 
7,479

 
 
 
 
Net income (loss) per common shares attributable to Alico, Inc. common stockholders:
 
 
 
Basic
$
0.11

 
$
(0.33
)
Diluted
$
0.11

 
$
(0.33
)


For the three months ended December 31, 2019 there were no anti-dilutive equity awards excluded from the calculation of diluted earnings per common share. For the three months ended December 31, 2018, certain stock options were excluded from the diluted earnings per share because they were anti-dilutive.