Three Months Ended

Nine Months Ended

July 31,

(In thousands, except per share data)

2020

2019

2020

2019

Numerator:

Net earnings (loss) attributable to Hovnanian

$

15,363

$

(7,601

)

$

10,294

$

(40,310

)

Less: undistributed earnings allocated to nonvested shares

(1,294

)

-

(902

)

-

Numerator for basic earnings (loss) per share

14,069

(7,601

)

9,392

(40,310

)

Plus: undistributed earnings allocated to nonvested shares

1,294

-

902

-

Less: undistributed earnings reallocated to nonvested shares

(1,294

)

-

(902

)

-

Numerator for diluted earnings (loss) per share

14,069

(7,601

)

9,392

(40,310

)

Denominator:

Denominator for basic earnings per share

6,201

5,971

6,178

5,964

Effect of dilutive securities:

Share based payments

317

-

324

-

Denominator for diluted earnings per share – weighted average shares outstanding

6,518

5,971

6,502

5,964

Basic earnings (loss) per share

$

2.27

$

(1.27

)

$

1.52

$

(6.76

)

Diluted earnings (loss) per share

$

2.16

$

(1.27

)

$

1.44

$

(6.76

)