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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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

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Six months ended

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June 30, 

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June 30, 

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2021

    

2020

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2021

    

2020

Numerator:

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Net income (in 000's)

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$

12,428

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$

10,040

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$

21,451

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$

19,063

Denominator:

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Basic weighted-average common shares outstanding

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24,202,631

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24,201,220

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24,200,879

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24,260,274

Effect of dilutive securities:

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Restricted stock grants

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11,819

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603

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8,951

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664

Stock options

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20,463

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—

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19,435

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—

Diluted weighted-average common shares outstanding

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24,234,913

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24,201,823

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24,229,265

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24,260,938

Earnings per share attributable to Legacy Housing Corporation

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Basic

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$

0.51

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$

0.41

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$

0.89

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$

0.79

Diluted

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$

0.51

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$

0.41

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$

0.89

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$

0.79

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The diluted earnings per share calculation excludes 79,459 and 90,783 potential shares for the three and six months ended June 30, 2020, respectively because the effect of including theses potential shares would be antidilutive.