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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2022
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE

8.EARNINGS PER SHARE

Basic earnings per share is computed based on net income attributable to eXp stockholders divided by the basic weighted-average shares outstanding during the period. Dilutive earnings per share is computed consistently with the basic computation while giving effect to all dilutive potential common shares and common share equivalents that were outstanding during the period. The Company uses the treasury stock method to reflect the potential dilutive effect of unvested stock awards and unexercised options.

The following table sets forth the calculation of basic and diluted earnings per share attributable to common stock during the periods presented:

Three Months Ended June 30,

Six Months Ended June 30,

2022

2021

2022

2021

Numerator:

Net income attributable to common stock

$ 9,359

$ 37,050

$ 18,241

$ 41,896

Denominator:

Weighted average shares - basic

150,783,418

145,584,495

150,049,170

144,973,139

Dilutive effect of common stock equivalents

5,032,620

11,704,177

6,530,420

13,123,596

Weighted average shares - diluted

155,816,038

157,288,672

156,579,590

158,096,735

Earnings per share:

Earnings per share attributable to common stock- basic

$ 0.06

$ 0.25

$ 0.12

$ 0.29

Earnings per share attributable to common stock- diluted

$ 0.06

$ 0.24

$ 0.12

$ 0.27

For the three months ended June 30, 2022 and 2021 total outstanding shares of common stock excluded 1,485,139 and 152,950 shares, respectively, from the computation of diluted earnings per share because their effect would have been anti-dilutive.

For six months ended June 30, 2022 and 2021 total outstanding shares of common stock excluded 692,237 and 62,889 shares, respectively, from the computation of diluted earnings per share because their effect would have been anti-dilutive.