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Earnings Per Share (Tables)
9 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Calculations of Net Income (Loss) Per Common Share

Calculations of net income (loss) 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,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income (loss) attributable to Mesa Air Group

 

$

(9,985

)

 

$

4,276

 

 

$

(67,042

)

 

$

24,083

 

Basic weighted average common shares outstanding

 

 

36,183

 

 

 

35,769

 

 

 

36,064

 

 

 

35,642

 

Add: Incremental shares for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of warrants

 

 

 

 

 

3,084

 

 

 

 

 

 

2,536

 

Dilutive effect of restricted stock

 

 

 

 

 

660

 

 

 

 

 

 

633

 

Diluted weighted average common shares outstanding

 

 

36,183

 

 

 

39,513

 

 

 

36,064

 

 

 

38,811

 

Net income (loss) per common share attributable to Mesa Air Group:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.28

)

 

$

0.12

 

 

$

(1.86

)

 

$

0.68

 

Diluted

 

$

(0.28

)

 

$

0.11

 

 

$

(1.86

)

 

$

0.62

 

 

Number of Weighted-Average Potentially Dilutive Shares Excluded from Calculation of Diluted Net Income (Loss) Per Share

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net income (loss) per share because the effect of including such potentially dilutive shares would have been anti-dilutive:

 

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Warrants

 

 

 

 

 

 

 

 

1,011

 

 

 

 

Restricted stock

 

 

 

 

 

 

 

 

142

 

 

 

 

 

 

 

 

 

 

 

 

 

1,153