EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Summary of Earnings Per Common Share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Numerator:
Net income available to TMHC – basic	$	32,876	$	14,837	$	68,789	$	33,335
Net income attributable to non-controlling interest – Principal Equityholders	21,390		43,471		76,810		96,261
Loss fully attributable to public holding company	136		19		288		191
Net income – diluted	$	54,402	$	58,327	$	145,887	$	129,787
Denominator:
Weighted average shares – basic (Class A)	72,471		30,427		56,791		31,300
Weighted average shares – Principal Equityholders’ non-controlling interest (Class B)	47,253		89,053		62,842		89,089
Restricted stock units	1,121		522		1,026		463
Stock Options	338		101		332		18
Weighted average shares – diluted	121,183		120,103		120,991		120,870
Earnings per common share – basic:
Net income available to Taylor Morrison Home Corporation	$	0.45	$	0.49	$	1.21	$	1.07
Earnings per common share – diluted:
Net income available to Taylor Morrison Home Corporation	$	0.45	$	0.49	$	1.21	$	1.07