Per Share Information

3 Months Ended

Dec. 31, 2017

4. PER SHARE INFORMATION

The following table reconciles the components of basic and diluted earnings per share for the three months ended December 31, 2017, and 2016:

	Three Months Ended December 31,
	2017		2016
Numerator:
Net income (loss) attributable to common shareholders of IES Holdings, Inc.	$	(29,569)	$	3,841
Net income attributable to restricted shareholders of IES Holdings, Inc.		-		31
Net income (loss) attributable to IES Holdings, Inc.	$	(29,569)	$	3,872

Denominator:
Weighted average common shares outstanding — basic		21,196,854		21,286,090
Effect of dilutive stock options and non-vested restricted stock		-		271,748
Weighted average common and common equivalent shares outstanding — diluted		21,196,854		21,557,838

Earnings (loss) per share attributable to IES Holdings, Inc.:
Basic	$	(1.39)	$	0.18
Diluted	$	(1.39)	$	0.18

When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the three months ended December 31, 2017. For the three months ended December 31, 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.