Per Share Information

9 Months Ended

Jun. 30, 2018

4. 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, 2018, and 2017:

	Three Months Ended June 30,
	2018		2017
Numerator:
Net income attributable to common shareholders of IES Holdings, Inc.	$	8,513	$	5,824
Net income attributable to restricted shareholders of IES Holdings, Inc.		3		44
Net income attributable to IES Holdings, Inc.	$	8,516	$	5,868

Denominator:
Weighted average common shares outstanding — basic		21,200,635		21,300,716
Effect of dilutive stock options and non-vested restricted stock		131,248		255,402
Weighted average common and common equivalent shares outstanding — diluted		21,331,883		21,556,118

Earnings per share attributable to IES Holdings, Inc.:
Basic	$	0.40	$	0.27
Diluted	$	0.40	$	0.27

	Nine Months Ended June 30,
	2018		2017
Numerator:
Net income (loss) attributable to common shareholders of IES Holdings, Inc.	$	(18,788)	$	10,195
Decrease in noncontrolling interest		(44)		-
Net income attributable to restricted shareholders of IES Holdings, Inc.		-		81
Net income (loss) attributable to IES Holdings, Inc.	$	(18,832)	$	10,276

Denominator:
Weighted average common shares outstanding — basic		21,193,306		21,295,254
Effect of dilutive stock options and non-vested restricted stock		-		255,550
Weighted average common and common equivalent shares outstanding — diluted		21,193,306		21,550,804

Earnings (loss) per share attributable to IES Holdings, Inc.:
Basic	$	(0.89)	$	0.48
Diluted	$	(0.89)	$	0.48

When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the nine months ended June 30, 2018. The number of potential anti-dilutive shares excluded from the calculation was 211,669 shares. For the three months ended June 30, 2018, and the three and nine months ended June 30, 2017, the average price of our common shares exceeded the exercise price of all of our outstanding options; therefore, all of our outstanding stock options were included in the computation of fully diluted earnings per share.