EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

3. EARNINGS PER SHARE

Basic earnings per common share is computed by dividing net income available to TMHC by the weighted average number of shares of Common Stock outstanding during the period. Diluted earnings per share gives effect to the potential dilution that could occur if all outstanding dilutive equity awards to issue shares of Common Stock were exercised or settled.

The following is a summary of the components of basic and diluted earnings per share (in thousands, except per share amounts):


	Three Months Ended March 31,
	2023		2022
Numerator:
Net income available to TMHC	$	191,051	$	176,703
Denominator:
Weighted average shares – basic		108,429		121,186
Restricted stock units		913		801
Stock Options		711		670
Weighted average shares – diluted		110,053		122,657
Earnings per common share – basic:
Net income available to Taylor Morrison Home Corporation	$	1.76	$	1.46
Earnings per common share – diluted:
Net income available to Taylor Morrison Home Corporation	$	1.74	$	1.44

The above calculations of weighted average shares exclude 664,145 and 1,045,290 of anti-dilutive stock options and unvested restricted stock units (“RSUs”) for the three months ended March 31, 2023 and 2022, respectively.