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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

17. 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. Basic weighted average common shares outstanding do not include shares of restricted stock that have not yet vested, although such shares are included as outstanding shares in the Company’s balance sheets. 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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​	​	​	​	​	​	​
​	​	Year ended
​	​	December 31,
​	​	2025		​ ​ ​	2024
Numerator:	​	​	​	​	​	​
Net income (in 000's)	​	$	41,809	​	$	61,642
Denominator:	​	​	​	​	​	​
Basic weighted-average common shares outstanding	​	​	23,979,349	​	​	24,217,631
Effect of dilutive securities:	​	​	​	​	​	​
Restricted stock grants	​	​	31	​	​	—
Stock options	​	​	3,713	​	​	636,147
Diluted weighted-average common shares outstanding	​	​	23,983,093	​	​	24,853,778
Earnings per share attributable to Legacy Housing Corporation	​	​	​	​	​	​
Basic	​	$	1.74	​	$	2.55
Diluted	​	$	1.74	​	$	2.48

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In November 2022, our Board of Directors approved a share repurchase program to authorize the repurchase of up to $10.0 million of the Company’s common stock. On August 6, 2024, our Board of Directors authorized the repurchase of an additional $10.0 million of the Company’s common stock under the share repurchase program. We repurchased 262,530 shares of common stock for $5.4 million in the open market during the year ended December 31, 2024. Between January 1, 2025 and December 31, 2025, we repurchased 346,406 shares of common stock for $7.6 million in the open market. All repurchase programs have expired as of October 31, 2025.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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