Three Months Ended

Six Months Ended

April 30,

(In thousands, except per share data)

2021

2020

2021

2020

Numerator:

Net earnings (loss) attributable to Hovnanian

$

488,676

$

4,079

$

507,635

$

(5,069

)

Less: undistributed earnings allocated to nonvested shares

(44,383

)

(216

)

(46,147

)

-

Numerator for basic earnings (loss) per share

$

444,293

$

3,863

$

461,488

$

(5,069

)

Plus: undistributed earnings allocated to nonvested shares

44,383

216

46,147

-

Less: undistributed earnings reallocated to nonvested shares

(45,170

)

(216

)

(47,338

)

-

Numerator for diluted earnings per share

$

443,506

$

3,863

$

460,297

$

(5,069

)

Denominator:

Denominator for basic earnings per share – weighted average shares outstanding

6,248

6,172

6,236

6,166

Effect of dilutive securities:

Share based payments

120

260

95

-

Denominator for diluted earnings per share – weighted average shares outstanding

6,368

6,432

6,331

6,166

Basic earnings (loss) per share

$

71.11

$

0.63

$

74.00

$

(0.82

)

Diluted earnings (loss) per share

$

69.65

$

0.60

$

72.71

$

(0.82

)