EARNINGS PER SHARE - (Notes)

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Numerator:
Net income available to TMHC – basic	$	67,012	$	93,568	$	199,994	$	196,446
Net income attributable to non-controlling interest	—		714		—		4,391
Loss fully attributable to public holding company	—		100		—		349
Net income – diluted	$	67,012	$	94,382	$	199,994	$	201,186
Denominator:
Weighted average shares – basic	105,472		111,396		107,389		112,449
Weighted average shares – non-controlling interest	—		863		—		2,508
Restricted stock units	938		904		912		1,043
Stock Options	442		277		298		378
Weighted average shares – diluted	106,852		113,440		108,599		116,378
Earnings per common share – basic:
Net income available to Taylor Morrison Home Corporation	$	0.64	$	0.84	$	1.86	$	1.75
Earnings per common share – diluted:
Net income available to Taylor Morrison Home Corporation	$	0.63	$	0.83	$	1.84	$	1.73

We excluded a total weighted average of 766,948 and 2,562,840 outstanding anti-dilutive stock options and unvested restricted stock units (“RSUs”) and 2,775,689 and 1,442,767 stock options and unvested RSUs from the calculation of earnings per share for the three and nine months ended September 30, 2019 and 2018, respectively.