EARNINGS PER SHARE

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income available to TMHC	$	290,987	$	124,147	$	467,690	$	222,168
Denominator:
Weighted average shares – basic	117,932		128,440		119,550		128,661
Restricted stock units	513		801		667		892
Stock Options	486		824		579		834
Warrants	—		194		—		379
Weighted average shares – diluted	118,931		130,259		120,796		130,766
Earnings per common share – basic:
Net income available to Taylor Morrison Home Corporation	$	2.47	$	0.97	$	3.91	$	1.73
Earnings per common share – diluted:
Net income available to Taylor Morrison Home Corporation	$	2.45	$	0.95	$	3.87	$	1.70

The above calculations of weighted average shares exclude 2,176,897 and 1,462,766 anti-dilutive stock options and unvested restricted stock units (“RSUs”) for the three and six months ended June 30, 2022, respectively, and 1,133,597 and 982,940 anti-dilutive stock options and unvested RSUs for the three and six months ended June 30, 2021, respectively.