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Earnings Per Share | 12 Months Ended
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Sep. 30, 2018
Earnings Per Share [Abstract] |
Earnings Per Share |
9. | Earnings Per Share
Calculations of net income per common share were as follows (in thousands, except per share data):
|  | Year Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Net income |  | $ | 33,255 |  |  | $ | 32,828 |  |  | $ | 14,920 |
Basic weighted average common shares outstanding |  |  | 13,516 |  |  |  | 10,919 |  |  |  | 9,558 |
Add: Incremental shares for: |  |  |  |  |  |  |  |  |  |  |  |
Dilutive effect of warrants |  |  | 11,492 |  |  |  | 12,369 |  |  |  | 14,451 |
Dilutive effect of restricted stock |  |  | 163 |  |  |  | 98 |  |  |  | 73 |
Diluted weighted average common shares outstanding |  |  | 25,171 |  |  |  | 23,386 |  |  |  | 24,082 |
Net income per common share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.46 |  |  | $ | 3.01 |  |  | $ | 1.56 |
Diluted |  | $ | 1.32 |  |  | $ | 1.40 |  |  | $ | 0.62 |
Basic income per common share is computed by dividing net income attributable to Mesa Air Group by the weighted average number of common shares outstanding during the period. The number of incremental shares from the assumed issuance of shares relating to restricted stock and exercise of warrants is calculated by applying the treasury stock method. Share-based awards and warrants whose impact is considered to be anti-dilutive under the treasury stock method were excluded from the diluted net income or loss per share calculation. In loss periods, these incremental shares are excluded from the calculation of diluted loss per share, as the inclusion of unvested restricted stock and warrants would have an anti-dilutive effect. There were no anti-dilutive shares relating to restricted stock and exercise of warrants that were excluded from the calculation of diluted loss per share for the years ended September 30, 2018, 2017 and 2016.

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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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