Per Share Information

6 Months Ended

Mar. 31, 2018

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, 2018, and 2017:

	Three Months Ended March 31,
	2018		2017
Numerator:
Net income attributable to common shareholders of IES Holdings, Inc.	$	2,250	$	532
Decrease in noncontrolling interest		(44)		-
Net income attributable to restricted shareholders of IES Holdings, Inc.		15		4
Net income attributable to IES Holdings, Inc.	$	2,221	$	536

Denominator:
Weighted average common shares outstanding — basic		21,182,268		21,299,098
Effect of dilutive stock options and non-vested restricted stock		258,302		275,057
Weighted average common and common equivalent shares outstanding — diluted		21,440,570		21,574,155

Earnings per share attributable to IES Holdings, Inc.:
Basic	$	0.11	$	0.02
Diluted	$	0.11	$	0.02

	Six Months Ended March 31,
	2018		2017
Numerator:
Net income (loss) attributable to common shareholders of IES Holdings, Inc.	$	(27,304)	$	4,373
Decrease in noncontrolling interest		(44)		-
Net income attributable to restricted shareholders of IES Holdings, Inc.		-		35
Net income (loss) attributable to IES Holdings, Inc.	$	(27,348)	$	4,408

Denominator:
Weighted average common shares outstanding — basic		21,189,641		21,292,523
Effect of dilutive stock options and non-vested restricted stock		-		268,155
Weighted average common and common equivalent shares outstanding — diluted		21,189,641		21,560,678

Earnings (loss) per share attributable to IES Holdings, Inc.:
Basic	$	(1.29)	$	0.21
Diluted	$	(1.29)	$	0.20

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 six months ended March 31, 2018. For the three months ended March 31, 2018, and the three and six months ended March 31, 2017, 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.