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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2020
EARNINGS PER SHARE |
EARNINGS PER SHARE | 14. EARNINGS PER SHARE 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 |  | Nine months ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (in 000's) |  | $ | 8,446 |  | $ | 6,138 |  | $ | 27,507 |  | $ | 21,984
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average common shares outstanding |  |  | 24,192,157 |  |  | 24,317,143 |  |  | 24,237,402 |  |  | 24,400,534
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted stock grants |  |  | 9,450 |  |  | 21,696 |  |  | 879 |  |  | 20,821
Stock options |  |  | 12,672 |  |  | — |  |  | 5,646 |  |  | —
Diluted weighted-average common shares outstanding |  |  | 24,214,279 |  |  | 24,338,839 |  |  | 24,243,927 |  |  | 24,421,355
Earnings per share attributable to Legacy Housing Corporation |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.35 |  | $ | 0.25 |  | $ | 1.13 |  | $ | 0.90
Diluted |  | $ | 0.35 |  | $ | 0.25 |  | $ | 1.13 |  | $ | 0.90
The diluted earnings per share calculation excludes 123,624 potential shares for the three months ended September 30, 2019, and excludes 54,446 and 124,498 potential shares for the nine months ended September 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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