Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share |
Basic and diluted earnings per share were calculated as follows: | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | May 31, | | May 31, | (In thousands, except per share amounts) | 2013 | | 2012 | | 2013 | | 2012 | Numerator: | | | | | | | | Net earnings attributable to Lennar | $ | 137,436 |
| | 452,703 |
| | 194,928 |
| | 467,671 |
| Less: distributed earnings allocated to nonvested shares | 102 |
| | 112 |
| | 204 |
| | 227 |
| Less: undistributed earnings allocated to nonvested shares | 1,747 |
| | 6,594 |
| | 2,405 |
| | 6,807 |
| Numerator for basic earnings per share | 135,587 |
| | 445,997 |
| | 192,319 |
| | 460,637 |
| Plus: interest on 2.00% convertible senior notes due 2020 and 3.25% convertible senior notes due 2021 | 2,826 |
| | 2,883 |
| | 5,651 |
| | 5,794 |
| Plus: undistributed earnings allocated to convertible shares | 1,747 |
| | 6,594 |
| | 2,405 |
| | 6,807 |
| Less: undistributed earnings reallocated to convertible shares | 1,500 |
| | 5,687 |
| | 2,085 |
| | 5,958 |
| Numerator for diluted earnings per share | $ | 138,660 |
| | 449,787 |
| | 198,290 |
| | 467,280 |
| Denominator: | | | | | | | | Denominator for basic earnings per share - weighted average common shares outstanding | 190,010 |
| | 186,432 |
| | 189,779 |
| | 186,214 |
| Effect of dilutive securities: | | | | | | | | Shared based payments | 339 |
| | 1,074 |
| | 456 |
| | 979 |
| Convertible senior notes | 36,306 |
| | 30,505 |
| | 36,101 |
| | 28,719 |
| Denominator for diluted earnings per share - weighted average common shares outstanding | 226,655 |
| | 218,011 |
| | 226,336 |
| | 215,912 |
| Basic earnings per share | $ | 0.71 |
| | 2.39 |
| | 1.01 |
| | 2.47 |
| Diluted earnings per share | $ | 0.61 |
| | 2.06 |
| | 0.88 |
| | 2.16 |
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