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Earnings Per Common Share | 6 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share Basic earnings per share for Alico's common stock is calculated by dividing net income attributable to Alico, Inc. common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted earnings per common share is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of common shares issuable under equity-based compensation plans in accordance with the treasury stock method, except where the inclusion of such common shares would have an anti-dilutive impact. For the three and six months ended March 31, 2020 and 2019, basic and diluted earnings per common share were as follows:
(in thousands except per share amounts) |  |  |  |  |  |  |
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
Net income attributable to Alico, Inc. common stockholders | $ | 3,571 |  |  | $ | 7,547 |  |  | $ | 4,362 |  |  | $ | 5,080 |
Weighted average number of common shares outstanding - basic | 7,480 |  |  | 7,463 |  |  | 7,478 |  |  | 7,471 |
Dilutive effect of equity-based awards | 16 |  |  | 6 |  |  | 16 |  |  | 35 |
Weighted average number of common shares outstanding - diluted | 7,496 |  |  | 7,469 |  |  | 7,494 |  |  | 7,506 |
Net income per common shares attributable to Alico, Inc. common stockholders: |  |  |  |  |  |  |
Basic | $ | 0.48 |  |  | $ | 1.01 |  |  | $ | 0.58 |  |  | $ | 0.68 |
Diluted | $ | 0.48 |  |  | $ | 1.01 |  |  | $ | 0.58 |  |  | $ | 0.68 |
For the three and six months ended March 31, 2020 there were anti-dilutive equity awards excluded from the calculation of diluted earnings per common share. For the three and six months ended March 31, 2019, equity awards are comprised of 227,500 stock options granted to Executive Officers, after taking into effect the forfeitures of 832,500 stock options (see Note 11. "Stockholders Equity").

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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