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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2019
EARNINGS PER SHARE |
EARNINGS PER SHARE | 15. EARNINGS PER SHARE Basic earnings per common share (“EPS”) is computed based on the weighted-average number of common shares outstanding during the reporting period. Diluted EPS is based on the weighted-average number of common shares outstanding plus the number of additional shares that would have been outstanding had the dilutive common shares been issued. The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS.
|  | Year ended
|  | December 31,
|  | 2019 |  | 2018
Numerator: |  |  |  |  |  |
Net income (in 000's) |  | $ | 28,844 |  | $ | 21,513
Denominator: |  |  |  |  |  |
Basic weighted-average common shares outstanding |  |  | 24,379,667 |  |  | 20,197,260
Effect of dilutive securities: |  |  |  |  |  |
Restricted stock grants |  |  | 26,396 |  |  | —
Stock options |  |  | 30,891 |  |  | —
Diluted weighted-average common shares outstanding |  |  | 24,436,954 |  |  | 20,197,260
Earnings per share attributable to Legacy Housing Corporation |  |  |  |  |  |
Basic |  | $ | 1.18 |  | $ | 1.07
Diluted |  | $ | 1.18 |  | $ | 1.07
The diluted earnings per share calculation excludes 143,027 potential shares for the year ended December 31, 2019, because the effect of including these potential shares would be antidilutive. There were no potential shares excluded from the December 31, 2018 diluted earnings per share calculation.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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