Per Share Information

12 Months Ended

Sep. 30, 2018

5. PER SHARE INFORMATION

Basic earnings per share is calculated as income (loss) available to common stockholders, divided by the weighted average number of common shares outstanding during the period. If the effect is dilutive, participating securities are included in the computation of basic earnings per share. Our participating securities do not have a contractual obligation to share in the losses in any given period. As a result, these participating securities will not be allocated any losses in the periods of net losses, but will be allocated income in the periods of net income using the two-class method.

The following table reconciles the components of the basic and diluted earnings (loss) per share for the years ended September 30, 2018, 2017 and 2016:

	Year Ended September 30,
	2018		2017		2016
Numerator:
Net income (loss) attributable to common shareholders of IES Holdings, Inc.	$	(14,113)	$	13,275	$	119,722
Increase (decrease) in noncontrolling interest		(44)		44		-
Net income attributable to restricted shareholders of IES Holdings, Inc.		-		103		1,056
Net income (loss) attributable to IES Holdings, Inc.	$	(14,157)	$	13,422	$	120,778

Denominator:
Weighted average common shares outstanding — basic		21,196,388		21,280,549		21,279,342
Effect of dilutive stock options and non-vested restricted stock		-		252,705		212,997
Weighted average common and common equivalent shares outstanding — diluted		21,196,388		21,533,254		21,492,339

Earnings (loss) per share attributable to IES Holdings, Inc.:
Basic	$	(0.67)	$	0.62	$	5.63
Diluted	$	(0.67)	$	0.62	$	5.62

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 year ended September 30, 2018. The number of potential anti-dilutive shares excluded from the calculation was 301,879 shares for the year ended September 30, 2018. For the years ended September 30, 2017 and 2016, 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.