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Earnings Per Common Share (Tables)
6 Months Ended
Mar. 31, 2018
Earnings Per Common Share [Abstract]  
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

March 31, 2018

 

March 31, 2018



 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

               

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

6,661,301 

 

$

2,633,487 

 

$

38,993,337 

 

$

15,448,190 

Conversion of Class B to Class A shares

 

  

2,633,487 

 

 

 —

 

 

15,448,190 

 

 

 —

Net income allocated, diluted

 

$

9,294,788 

 

$

2,633,487 

 

$

54,441,527 

 

$

15,448,190 



 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

14,120,232 

 

 

6,139,544 

 

 

14,111,787 

 

 

6,147,989 

Conversion of Class B to Class A shares

 

  

6,139,544 

 

 

 —

 

 

6,147,989 

 

 

 —

Weighted average shares outstanding, diluted

 

  

20,259,776 

 

 

6,139,544 

 

 

20,259,776 

 

 

6,147,989 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.47 

 

$

0.43 

 

$

2.76 

 

$

2.51 

Diluted

 

$

0.46 

 

$

0.43 

 

$

2.69 

 

$

2.51 



The per share amounts for the second quarter of fiscal 2017 and the six months ended March 25, 2017 are based on the following amounts:







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

  Three Months Ended

 

Six Months Ended



 

March 25, 2017

 

March 25, 2017



 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

6,513,698 

 

$

2,637,749 

 

$

16,328,364 

 

$

6,646,970 

Conversion of Class B to Class A shares

 

  

2,637,749 

 

 

 —

 

 

6,646,970 

 

 

 —

Net income allocated, diluted

 

$

9,151,447 

 

$

2,637,749 

 

$

22,975,334 

 

$

6,646,970 



 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

14,038,094 

 

 

6,221,682 

 

 

14,002,300 

 

 

6,257,476 

Conversion of Class B to Class A shares

 

  

6,221,682 

 

 

 —

 

 

6,257,476 

 

 

 —

Weighted average shares outstanding, diluted

 

  

20,259,776 

 

 

6,221,682 

 

 

20,259,776 

 

 

6,257,476 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.47 

 

$

0.42 

 

$

1.17 

 

$

1.06 

Diluted

 

$

0.45 

 

$

0.42 

 

$

1.13 

 

$

1.06