EARNINGS PER SHARE |
15. EARNINGS PER SHARE Basic earnings per common share (“EPS”) is computed based on the weighted-average number of common shares outstanding during each reporting period. Diluted EPS is based on the weighted-average number of common shares outstanding plus the number of additional shares that would have been outstanding had the dilutive common shares been issued. The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS. | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | | September 30, | | September 30, | | | 2022 | | 2021 | | 2022 | | 2021 | Numerator: | | | | | | | | | | | | | Net income (in 000's) | | $ | 14,735 | | $ | 12,993 | | $ | 48,088 | | $ | 36,341 | Denominator: | | | | | | | | | | | | | Basic weighted-average common shares outstanding | | | 24,406,020 | | | 24,204,362 | | | 24,356,809 | | | 24,202,053 | Effect of dilutive securities: | | | | | | | | | | | | | Restricted stock grants | | | 260,114 | | | 13,280 | | | 267,796 | | | 10,478 | Stock options | | | 712,982 | | | 66,024 | | | 399,883 | | | 67,315 | Diluted weighted-average common shares outstanding | | | 25,379,116 | | | 24,283,666 | | | 25,024,488 | | | 24,279,846 | Earnings per share attributable to Legacy Housing Corporation | | | | | | | | | | | | | Basic | | $ | 0.60 | | $ | 0.54 | | $ | 1.97 | | $ | 1.50 | Diluted | | $ | 0.58 | | $ | 0.54 | | $ | 1.92 | | $ | 1.50 |
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