Per Share Information

6 Months Ended

Mar. 31, 2017

4. PER SHARE INFORMATION

The following tables reconcile the components of basic and diluted earnings per share for the three and six months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
	2017		2016
Numerator:
Net income attributable to common shareholders of IES Holdings, Inc.	$	532	$	2,174
Net income attributable to restricted shareholders of IES Holdings, Inc.		4		20
Net income attributable to IES Holdings, Inc.	$	536	$	2,194

Denominator:
Weighted average common shares outstanding — basic		21,299,098		21,273,814
Effect of dilutive stock options and non-vested restricted stock		275,057		162,198
Weighted average common and common equivalent shares outstanding — diluted		21,574,155		21,436,012

Earnings per share attributable to IES Holdings, Inc.:
Basic	$	0.02	$	0.10
Diluted	$	0.02	$	0.10

	Six Months Ended March 31,
	2017		2016
Numerator:
Net income attributable to common shareholders of IES Holdings, Inc.	$	4,373	$	7,919
Net income attributable to restricted shareholders of IES Holdings, Inc.		35		74
Net income attributable to IES Holdings, Inc.	$	4,408	$	7,993

Denominator:
Weighted average common shares outstanding — basic		21,292,523		21,271,655
Effect of dilutive stock options and non-vested restricted stock		268,155		117,603
Weighted average common and common equivalent shares outstanding — diluted		21,560,678		21,389,258

Earnings per share attributable to IES Holdings, Inc.:
Basic	$	0.21	$	0.37
Diluted	$	0.20	$	0.37

For the three and six months ended March 31, 2017 and 2016, the average price of our common shares exceeded the exercise price of all of our outstanding options; therefore, all of our outstanding stock options were included in the computation of fully diluted earnings per share.