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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per common share is computed by dividing net income available to TMHC by the weighted average number of shares of Common Stock outstanding during the period. Diluted earnings per share gives effect to the potential dilution that could occur if all outstanding dilutive equity awards to issue shares of Common Stock were exercised or settled.
The following is a summary of the components of basic and diluted earnings per share (in thousands, except per share amounts):
 Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
Numerator:
Net income available to TMHC $124,147 $65,674 $222,168 $34,242 
Denominator:
Weighted average shares – basic 128,440 129,629 128,661 125,768 
Restricted stock units 801 585 892 721 
Stock Options 824 150 834 237 
Warrants 194 — 379 — 
Weighted average shares – diluted130,259 130,364 130,766 126,726 
Earnings per common share – basic:
Net income available to Taylor Morrison Home Corporation$0.97 $0.51 $1.73 $0.27 
Earnings per common share – diluted:
Net income available to Taylor Morrison Home Corporation$0.95 $0.50 $1.70 $0.27 
The above calculations of weighted average shares exclude 1,133,597 and 982,940 outstanding anti-dilutive stock options and unvested restricted stock units (“RSUs”) for the three and six months ended June 30, 2021, respectively, and 4,225,888 and 3,530,837 for the three and six months ended June 30, 2020, respectively.