Per Share Information

6 Months Ended

Mar. 31, 2024

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 six months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
Numerator:
Net income attributable to IES Holdings, Inc.	$	52,909	$	21,551
Increase in noncontrolling interest		(5,941)		(2,771)
Net income attributable to common stockholders of IES Holdings, Inc.	$	46,968	$	18,780
Denominator:
Weighted average common shares outstanding — basic		20,227,342		20,170,824
Effect of dilutive stock options and non-vested securities		252,413		216,972
Weighted average common and common equivalent shares outstanding — diluted		20,479,755		20,387,796
Earnings per share attributable to common stockholders of IES Holdings, Inc.:
Basic	$	2.32	$	0.93
Diluted	$	2.29	$	0.92
	Six Months Ended March 31,
	2024		2023
Numerator:
Net income attributable to IES Holdings, Inc.	$	93,865	$	47,953
Increase in noncontrolling interest		(8,723)		(5,826)
Net income attributable to restricted stockholders of IES Holdings, Inc.		—		(10)
Net income attributable to common stockholders of IES Holdings, Inc.	$	85,142	$	42,117
Denominator:
Weighted average common shares outstanding — basic		20,213,421		20,206,814
Effect of dilutive stock options and non-vested securities		236,270		207,678
Weighted average common and common equivalent shares outstanding — diluted		20,449,691		20,414,492
Earnings per share attributable to IES Holdings, Inc.:
Basic	$	4.21	$	2.08
Diluted	$	4.16	$	2.06

For the three and six months ended March 31, 2024 and 2023, the average price of our common shares exceeded the exercise price of all of our outstanding stock options. As a result, all of our outstanding stock options were included in the computation of diluted earnings per share. For the six months ended March 31, 2024 and 2023, the computation of diluted earnings per share excluded 21,584 and 22,344 unvested Employee PSUs (as defined below), respectively, as the inclusion of such instruments would have been anti-dilutive. All unvested Employee PSUs were included in the computation of diluted earnings per share for the three months ended March 31, 2024 and 2023.