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<br />Table of Contents
<br />road -20210930
<br />registration under the Registration Rights Agreement, including filing and registration fees, printing costs, fees and expenses of the
<br />Company's legal counsel and independent registered public accountants and fees and expenses for one legal counsel for the applicable
<br />RRA Holders. The RRA Holders whose shares are registered must pay all incremental selling expenses relating to any offering, such as
<br />underwriters' commissions and discounts, brokerage fees, underwriter marketing costs and any additional legal counsel that they may
<br />engage. As of September 30, 2021, a total of 11,069,793 shares of the Company's common stock were subject to the Registration
<br />Rights Agreement, of which 37,248 shares had been previously registered but not yet sold. The Registration Rights Agreement expires
<br />on May 4, 2023.
<br />Note 13 - Earnings Per Share
<br />As discussed in Note 12 - Equity, the Company has Class A common stock and Class B common stock. Because the only differences
<br />between the two classes of common stock are related to voting rights, conversion rights and transfer restrictions applicable to shares of
<br />Class B common stock, the Company has not presented earnings per share under the two -class method, as the earnings per share are
<br />the same for both Class A common stock and Class B common stock. The following table summarizes the weighted -average number of
<br />basic common shares outstanding and the calculation of basic earnings per share for the periods presented (in thousands, except share
<br />and per share amounts):
<br />Numerator
<br />Net income attributable to common stockholders
<br />Denominator
<br />Weighted average number of common shares outstanding, basic
<br />Net income per common share attributable to common stockholders, basic
<br />For the Fiscal Year Ended September 30,
<br />2021 2020 2019
<br />20,177 $ 40,297 $ 43,121
<br />51,636,955 51,489,211 51,421,159
<br />$ 0.39 $ 0.78 $ 0.84
<br />The following table summarizes the calculation of the weighted -average number of diluted common shares outstanding and the
<br />calculation of diluted earnings per share for the periods presented (in thousands, except share and per share amounts):
<br />Numerator
<br />Net income attributable to common stockholders
<br />Denominator
<br />Weighted average number of basic common
<br />shares outstanding, basic
<br />Effect of dilutive securities:
<br />Restricted stock grants
<br />Weighted average number of diluted common
<br />shares outstanding:
<br />Net income per diluted common share attributable
<br />to common stockholders
<br />Note 14 - Equity -Based Compensation
<br />Restricted Stock Awards
<br />For the Fiscal Year Ended September 30,
<br />2021 2020 2019
<br />$ 20,177 $ 40,297 $ 43,121
<br />51,636,955 51,489,211 51,421,159
<br />136,258 147,723 6,061
<br />51,773,213 51,636,934 51,427,220
<br />0.39 $ 0.78 $ 0.84
<br />During the fiscal year ended September 30, 2019, the Company awarded a total of 292,534 restricted shares of Class A common stock
<br />to its non-employee directors under the Equity Incentive Plan. The grants are classified as equity awards. The aggregate grant date fair
<br />value of these restricted stock awards was S3.8 million. During the fiscal years ended September 30, 2021, 2020 and 2019, the
<br />Company recorded $1.3 million, $1.6 million and $0.5 million, respectively, of compensation expense in connection with these grants,
<br />which is reflected as general and administrative expenses in the Company's Consolidated Statements of Comprehensive Income. At
<br />September 30, 2021, there was approximately $0.4 million of unrecognized compensation expense related to these awards.
<br />LA
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