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Earnings Per Share and Equity (Tables)
 9 Months Ended
Jun. 30, 2018
Calculations of Net Income Per Common Share Attributable to Mesa Air Group

Calculations of net income per common share attributable to Mesa Air Group were as follows (in thousands, except per share data):

 

     Three Months Ended June 30,      Nine Months Ended June 30,  
     2018      2017      2018      2017  

Net income attributable to Mesa Air Group

    $ (11,135 )     $ 15,433      $ 13,861      $ 27,347  
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic weighted average common shares outstanding

      12,462        10,993        11,782        10,852  

Add: Incremental shares for:(1)

            

Dilutive effect of warrants

      —          12,230        11,702        12,389  

Dilutive effect of restricted stock

      —          —          568        —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted average common shares outstanding

      12,462        23,223        24,052        23,241  
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income per common share attributable to Mesa Air Group:

            

Basic

    $ (0.89 )     $ 1.40      $ 1.18      $ 2.52  
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

    $ (0.89 )     $ 0.66      $ 0.58      $ 1.18  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) 

Due to a loss for the three months ended June 30, 2018, zero incremental shares are included because the effect would be antidilutive.