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Earnings Per Common Share
 12 Months Ended
Sep. 30, 2023
Earnings Per Common Share [Abstract]  
Earnings Per Common Share 9. Earnings Per Common Share

The Company calculates earnings per share using the two-class method in accordance with FASB ASC Topic 260.

The two-class method of computing basic earnings per share for each period reflects the cash dividends paid per share for each class of stock, plus the amount of allocated undistributed earnings per share computed using the participation percentage which reflects the dividend rights of each class of stock. Diluted earnings per share is calculated assuming the conversion of all shares of Class B Common Stock to shares of Class A Common Stock on a share-for-share basis. The tables below reconcile the numerators and denominators of basic and diluted earnings per share for current and prior periods.

Year Ended

  

September 30, 2023

Class A

Class B

Numerator: Allocated net income

Net income allocated, basic

  

$

163,599,005

  

$

47,212,954

Conversion of Class B to Class A shares

  

47,212,954

  

—

Net income allocated, diluted

  

$

210,811,959

  

$

47,212,954

Denominator: Weighted average shares outstanding

  

  

Weighted average shares outstanding, basic

  

14,417,916

  

4,576,460

Conversion of Class B to Class A shares

  

4,576,460

  

—

Weighted average shares outstanding, diluted

  

18,994,376

  

4,576,460

Earnings per share

Basic

  

$

11.35

  

$

10.32

Diluted

  

$

11.10

  

$

10.32

Year Ended

Year Ended

September 24, 2022

September 25, 2021

  

Class A

Class B

  

Class A

  

Class B

Numerator: Allocated net income

Net income allocated, basic

  

$

210,480,738

  

$

62,278,190

  

$

185,964,771

  

$

63,766,687

Conversion of Class B to Class A shares

  

62,278,190

  

—

  

63,766,687

  

—

Net income allocated, diluted

  

$

272,758,928

  

$

62,278,190

  

$

249,731,458

  

$

63,766,687

Denominator: Weighted average
‎  shares outstanding

  

  

  

  

Weighted average shares outstanding,

  basic

  

14,330,809

  

4,663,567

  

14,242,276

  

5,370,894

Conversion of Class B to Class A shares

  

4,663,567

  

—

  

5,370,894

  

—

Weighted average shares outstanding,

  diluted

  

18,994,376

  

4,663,567

  

19,613,170

  

5,370,894

Earnings per share

Basic

  

$

14.69

  

$

13.35

  

$

13.06

  

$

11.87

Diluted

  

$

14.36

  

$

13.35

  

$

12.73

  

$

11.87