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Earnings Per Common Share (Tables)
9 Months Ended
Jun. 30, 2018
Earnings Per Common Share [Abstract]  
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

June 30, 2018

 

June 30, 2018



 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

               

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

17,557,024 

 

$

6,926,634 

 

$

56,551,833 

 

$

22,373,352 

Conversion of Class B to Class A shares

 

  

6,926,634 

 

 

 —

 

 

22,373,352 

 

 

 —

Net income allocated, diluted

 

$

24,483,658 

 

$

6,926,634 

 

$

78,925,185 

 

$

22,373,352 



 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

14,128,772 

 

 

6,131,004 

 

 

14,117,449 

 

 

6,142,327 

Conversion of Class B to Class A shares

 

  

6,131,004 

 

 

 —

 

 

6,142,327 

 

 

 —

Weighted average shares outstanding, diluted

 

  

20,259,776 

 

 

6,131,004 

 

 

20,259,776 

 

 

6,142,327 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.24 

 

$

1.13 

 

$

4.00 

 

$

3.64 

Diluted

 

$

1.21 

 

$

1.13 

 

$

3.90 

 

$

3.64 



The per share amounts for the third quarter of fiscal 2017 and the nine months ended June 24, 2017 are based on the following amounts:







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

  Three Months Ended

 

Nine Months Ended



 

June 24, 2017

 

June 24, 2017



 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

8,234,965 

 

$

3,291,741 

 

$

24,563,248 

 

$

9,938,790 

Conversion of Class B to Class A shares

 

  

3,291,741 

 

 

 

 

9,938,790 

 

 

Net income allocated, diluted

 

$

11,526,706 

 

$

3,291,741 

 

$

34,502,038 

 

$

9,938,790 



 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

14,072,598 

 

 

6,187,178 

 

 

14,025,733 

 

 

6,234,043 

Conversion of Class B to Class A shares

 

  

6,187,178 

 

 

 

 

6,234,043 

 

 

Weighted average shares outstanding, diluted

 

  

20,259,776 

 

 

6,187,178 

 

 

20,259,776 

 

 

6,234,043 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.58 

 

$

0.53 

 

$

1.75 

 

$

1.59 

Diluted

 

$

0.57 

 

$

0.53 

 

$

1.70 

 

$

1.59