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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2020
EARNINGS PER SHARE |
EARNINGS PER SHARE | 14. EARNINGS PER SHARE – AS RESTATED Basic earnings per common share (“EPS”) is computed based on the weighted‑average number of common shares outstanding during each 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.
|  | Three months ended |  | Six months ended
|  | June 30, |  | June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
|  | (as restated) |  |  |  |  | (as restated) |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (in 000's) |  | $ | 10,040 |  | $ | 8,633 |  | $ | 19,063 |  | $ | 15,846
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average common shares outstanding |  |  | 24,201,220 |  |  | 24,369,890 |  |  | 24,260,274 |  |  | 24,442,921
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted stock grants |  |  | 603 |  |  | - |  |  | 664 |  |  | 15,046
Diluted weighted-average common shares outstanding |  |  | 24,201,823 |  |  | 24,369,890 |  |  | 24,260,938 |  |  | 24,457,967
Earnings per share attributable to Legacy Housing Corporation |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.41 |  | $ | 0.35 |  | $ | 0.79 |  | $ | 0.65
Diluted |  | $ | 0.41 |  | $ | 0.35 |  | $ | 0.79 |  | $ | 0.65
The diluted earnings per share calculation excludes 79,459 and 164,487 potential shares for the three months ended June 30, 2020 and 2019, respectively, and excludes 90,783 and 149,441 potential shares for the six months ended June 30, 2020 and 2019, respectively because the effect of including theses potential shares would be antidilutive.

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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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