EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

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 March 31,
	2022		2021
Numerator:
Net income available to TMHC	$	176,703	$	98,021
Denominator:
Weighted average shares – basic	121,186		128,883
Restricted stock units	801		975
Stock Options	670		844
Warrants	—		544
Weighted average shares – diluted	122,657		131,246
Earnings per common share – basic:
Net income available to Taylor Morrison Home Corporation	$	1.46	$	0.76
Earnings per common share – diluted:
Net income available to Taylor Morrison Home Corporation	$	1.44	$	0.75

The above calculations of weighted average shares exclude 1,045,290 and 811,658 anti-dilutive stock options and unvested restricted stock units (“RSUs”) for the three months ended March 31, 2022 and 2021, respectively.