EARNINGS PER SHARE - (Notes)

6 Months Ended

Jun. 30, 2019

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 June 30,				Six months ended June 30,
	2019		2018		2019		2018
Numerator:
Net income available to TMHC – basic	$	81,851	$	58,678	$	132,982	$	103,422
Net income attributable to non-controlling interest	—		474		—		3,133
Loss fully attributable to public holding company	—		84		—		248
Net income – diluted	$	81,851	$	59,236	$	132,982	$	106,803
Denominator:
Weighted average shares – basic	106,238		111,347		108,363		110,508
Weighted average shares – non-controlling interest	—		867		—		3,339
Restricted stock units	684		898		850		1,068
Stock Options	310		370		266		485
Weighted average shares – diluted	107,232		113,482		109,479		115,400
Earnings per common share – basic:
Net income available to Taylor Morrison Home Corporation	$	0.77	$	0.53	$	1.23	$	0.94
Earnings per common share – diluted:
Net income available to Taylor Morrison Home Corporation	$	0.76	$	0.52	$	1.21	$	0.93

We excluded a total weighted average of 3,136,455 and 1,579,683 outstanding anti-dilutive stock options and unvested restricted stock units (“RSUs”) and 3,003,921 and 787,527 stock options and unvested RSUs from the calculation of earnings per share for the three and six months ended June 30, 2019 and 2018, respectively.