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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

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.

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​	​	​	​	​	​	​
​	​	Three months ended
​	​	March 31,
​	​	2021			2020
Numerator:	​	​	​	​	​	​
Net income (in 000's)	​	$	9,024	​	$	9,025
Denominator:	​	​	​	​	​	​
Basic weighted-average common shares outstanding	​	​	24,199,107	​	​	24,319,328
Effect of dilutive securities:	​	​	​	​	​	​
Restricted stock grants	​	​	5,126	​	​	7,749
Stock options	​	​	6,949	​	​	34,006
Diluted weighted-average common shares outstanding	​	​	24,211,182	​	​	24,361,083
Earnings per share attributable to Legacy Housing Corporation	​	​	​	​	​	​
Basic	​	$	0.37	​	$	0.37
Diluted	​	$	0.37	​	$	0.37

​

The diluted earnings per share calculation excludes 144,082 potential shares for the three months ended March 31, 2020, because the effect of including theses potential shares would be antidilutive.

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- References

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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

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