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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2023
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 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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Nine months ended

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September 30, 

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September 30, 

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2023

    

2022

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2023

    

2022

Numerator:

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Net income (in 000's)

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$

16,088

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$

14,735

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$

47,384

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$

48,088

Denominator:

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Basic weighted-average common shares outstanding

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24,391,797

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24,406,020

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24,382,519

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24,356,809

Effect of dilutive securities:

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Restricted stock units

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13,755

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260,114

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10,206

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267,796

Stock options

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723,127

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712,982

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707,260

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399,883

Diluted weighted-average common shares outstanding

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25,128,679

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25,379,116

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25,099,985

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25,024,488

Earnings per share attributable to Legacy Housing Corporation

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Basic

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$

0.66

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$

0.60

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$

1.94

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$

1.97

Diluted

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$

0.64

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$

0.58

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$

1.89

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$

1.92

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