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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

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 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,
​	​	2022			2021
Numerator:	​	​	​	​	​	​
Net income (in 000's)	​	$	16,092	​	$	10,701
Denominator:	​	​	​	​	​	​
Basic weighted-average common shares outstanding	​	​	24,351,223	​	​	24,199,107
Effect of dilutive securities:	​	​	​	​	​	​
Restricted stock grants	​	​	267,515	​	​	5,126
Stock options	​	​	42,688	​	​	6,949
Diluted weighted-average common shares outstanding	​	​	24,661,426	​	​	24,211,182
Earnings per share attributable to Legacy Housing Corporation	​	​	​	​	​	​
Basic	​	$	0.66	​	$	0.44
Diluted	​	$	0.65	​	$	0.44

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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