Earnings Per Share and Equity (Tables)

6 Months Ended

Mar. 31, 2019

Calculations of Net Income Per Common Share

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

	Three Months Ended March 31,				Six Months Ended March 31,
	2019		2018		2019		2018
Net income attributable to Mesa Air Group	$	13,249	$	2,372	$	32,330	$	24,996
Basic weighted average common shares outstanding		34,699		23,282		34,607		23,279
Add: Incremental shares for:
Dilutive effect of warrants		—		98		—		97
Dilutive effect of restricted stock		263		190		434		154
Diluted weighted average common shares outstanding		34,962		23,570		35,041		23,530
Net income per common share attributable to Mesa Air Group:
Basic	$	0.38	$	0.10	$	0.93	$	1.07
Diluted	$	0.38	$	0.10	$	0.92	$	1.06

Summary of Basic and Diluted Net Income per Common Share Available to Common Shareholders

The restatement adjustment did not impact our previously reported consolidated balance sheet, consolidated statements of stockholders’ equity, consolidated statements of cash flows, or net income (in thousands, except per share data).

	Three Months Ended March 31, 2018				Six Months Ended March 31, 2018
	As Previously Reported		As Restated		As Previously Reported		As Restated
Net income per common share available to common shareholders - Basic	$	0.20	$	0.10	$	2.18	$	1.07
Shares used in computing net income per common share available to common shareholders - Basic		11,592		23,282		11,441		23,279
Net income per common share available to common shareholders - Diluted	$	0.10	$	0.10	$	1.06	$	1.06
Shares used in computing net income per common share available to common shareholders - Diluted		23,563		23,570		23,563		23,530