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Earnings Per Share | 12 Months Ended
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Dec. 31, 2014
Earnings Per Share [Abstract] |
Earnings Per Share |
5. | Earnings Per Share
The following table sets forth the components used in the computation of basic and diluted earnings per share (in thousands, except share and per share amounts):
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 84,197 |  |  | $ | (151,293 | ) |  | $ | 60,719 |
Discontinued operations, net of income taxes |  |  | — |  |  |  | 1,838 |  |  |  | 762 |
Net income |  | $ | 84,197 |  |  | $ | (149,455 | ) |  | $ | 61,481 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  | 145,044,351 |  |  |  | 129,700,000 |  |  |  | 129,700,000 |
Effect of dilutive shares: |  |  |  |  |  |  |  |  |  |  |  |
Stock options and unvested restricted stock units |  |  | 486,938 |  |  |  | — |  |  |  | — |
Diluted weighted-average shares outstanding |  |  | 145,531,289 |  |  |  | 129,700,000 |  |  |  | 129,700,000 |
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.58 |  |  | $ | (1.17 | ) |  | $ | 0.47 |
Discontinued operations |  |  | — |  |  |  | 0.02 |  |  |  | — |
Net earnings per share |  | $ | 0.58 |  |  | $ | (1.15 | ) |  | $ | 0.47 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.58 |  |  | $ | (1.17 | ) |  | $ | 0.47 |
Discontinued operations |  |  | — |  |  |  | 0.02 |  |  |  | — |
Net earnings per share |  | $ | 0.58 |  |  | $ | (1.15 | ) |  | $ | 0.47 |
Antidilutive stock options not included in diluted earnings per share |  |  | 1,295,280 |  |  |  | — |  |  |  | — |
In the Merger, each issued and outstanding WRECO common share was converted into 1.297 shares of TRI Pointe common stock. The historical issued and outstanding WRECO common shares (100,000,000 common shares for all periods presented prior to the Merger) have been recast (as 129,700,000 common shares of the Company for all periods prior to the Merger) in all periods presented to reflect this conversion. See Note 2, Merger with Weyerhaeuser Real Estate Company, for further information on the Merger.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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