Per Share Information

9 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. PER SHARE INFORMATION

The following tables reconcile the components of basic and diluted earnings per share for the three and nine months ended June 30, 2023 and 2022:

	Three Months Ended June 30,
	2023		2022
Numerator:
Net income attributable to IES Holdings, Inc.	$	22,546	$	9,465
Increase in noncontrolling interest		(5,916)		(2,534)
Net income attributable to restricted stockholders of IES Holdings, Inc.		—		(5)
Net income attributable to common stockholders of IES Holdings, Inc.	$	16,630	$	6,926
Denominator:
Weighted average common shares outstanding — basic		20,181,793		20,718,195
Effect of dilutive stock options and non-vested securities		223,909		221,242
Weighted average common and common equivalent shares outstanding — diluted		20,405,702		20,939,437
Earnings per share attributable to common stockholders of IES Holdings, Inc.:
Basic	$	0.82	$	0.33
Diluted	$	0.81	$	0.33

	Nine Months Ended June 30,
	2023		2022
Numerator:
Net income attributable to IES Holdings, Inc.	$	70,499	$	18,517
Increase in noncontrolling interest		(11,742)		(3,464)
Net income attributable to restricted stockholders of IES Holdings, Inc.		(9)		(10)
Net income attributable to common stockholders of IES Holdings, Inc.	$	58,748	$	15,043
Denominator:
Weighted average common shares outstanding — basic		20,198,474		20,730,900
Effect of dilutive stock options and non-vested securities		205,861		544,926
Weighted average common and common equivalent shares outstanding — diluted		20,404,335		21,275,826
Earnings per share attributable to common stockholders of IES Holdings, Inc.:
Basic	$	2.91	$	0.73
Diluted	$	2.88	$	0.71

For the three and nine months ended June 30, 2023 and 2022, the average price of our common shares exceeded the exercise price of all of our outstanding stock options; therefore, all of our outstanding stock options were included in the computation of diluted earnings per share. For the three months ended June 30, 2023 and the three and nine months ended June 30, 2022, all potentially dilutive unvested performance awards were included in the calculation of diluted earnings per share. For the nine months ended June 30, 2023, the computation of diluted earnings per share excluded certain unvested performance awards as the inclusion of such instruments would have been anti-dilutive.