EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2019

Basic earnings per common share is computed by dividing net income available to TMHC by the weighted average number of shares of Class A 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 Class A 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,
	2019		2018
Numerator:
Net income available to TMHC – basic	$	51,131	$	44,933
Net income attributable to non-controlling interest	—		2,470
Loss fully attributable to public holding company	—		165
Net income – diluted	$	51,131	$	47,568
Denominator:
Weighted average shares – basic	110,512		107,195
Weighted average shares – non-controlling interest	—		5,849
Restricted stock units	922		1,126
Stock Options	234		597
Weighted average shares – diluted	111,668		114,767
Earnings per common share – basic:
Net income available to Taylor Morrison Home Corporation	$	0.46	$	0.42
Earnings per common share – diluted:
Net income available to Taylor Morrison Home Corporation	$	0.46	$	0.41

We excluded a total weighted average of 3,060,096 and 481,705 outstanding anti-dilutive stock options and unvested restricted stock units (“RSUs”) from the calculation of earnings per share for the three months ended March 31, 2019 and 2018, respectively.