EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

Basic earnings per common share is computed by dividing net (loss)/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,
	2020			2019
Numerator:
Net (loss)/income available to TMHC	$	(31,431	)	$	51,131
Denominator:
Weighted average shares – basic	121,908			110,512
Restricted stock units ⁽¹⁾	—			922
Stock Options ⁽¹⁾	—			234
Warrants ⁽¹⁾	—			—
Weighted average shares – diluted	121,908			111,668
(Loss)/earnings per common share – basic:
Net (loss)/income available to Taylor Morrison Home Corporation	$	(0.26	)	$	0.46
(Loss)/earnings per common share – diluted:
Net (loss)/income available to Taylor Morrison Home Corporation	$	(0.26	)	$	0.46

⁽¹⁾ Due to a loss for the three months ended March 31, 2020, no incremental shares associated with (1) restricted stock units, (2) stock options and (3) warrants issued in connection with the acquisition of WLH were included because the effect would be antidilutive.

We excluded a total weighted average of 2,547,953 and 3,060,096 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, 2020 and 2019, respectively.