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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

16. EARNINGS PER SHARE

Basic earnings per common share (“EPS”) is computed based on the weighted-average number of common shares outstanding during the 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.

​

​	​	​	​	​	​	​
​	​	Year ended
​	​	December 31,
​	​	2022			2021
Numerator:	​	​	​	​	​	​
Net income (in 000's)	​	$	67,773	​	$	49,871
Denominator:	​	​	​	​	​	​
Basic weighted-average common shares outstanding	​	​	24,357,785	​	​	24,204,437
Effect of dilutive securities:	​	​	​	​	​	​
Restricted stock grants	​	​	13,286	​	​	12,846
Stock options	​	​	371,348	​	​	58,706
Diluted weighted-average common shares outstanding	​	​	24,742,419	​	​	24,275,989
Earnings per share attributable to Legacy Housing Corporation	​	​	​	​	​	​
Basic	​	$	2.78	​	$	2.06
Diluted	​	$	2.74	​	$	2.05

​

The diluted earnings per share calculation excludes 102,408 and zero potential shares related to stock grants and stock options for the years ended December 31, 2022 and 2021, respectively, because the effect of including these 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://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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