Year Ended December 31,

2020

2019

2018

(Dollars in thousands, except per share amounts)

Numerator:

Net loss attributable to The New Home Company Inc.

$

(32,819

)

$

(8,037

)

$

(14,216

)

Denominator:

Basic weighted-average shares outstanding

18,680,993

20,063,148

20,703,967

Effect of dilutive shares:

Stock options and unvested restricted stock units

—

Diluted weighted-average shares outstanding

18,680,993

20,063,148

20,703,967

Basic loss per share attributable to The New Home Company Inc.

$

(1.76

)

$

(0.40

)

$

(0.69

)

Diluted loss per share attributable to The New Home Company Inc.

$

(1.76

)

$

(0.40

)

$

(0.69

)

Antidilutive stock options and unvested restricted stock units not included in diluted loss per share

1,886,226

1,320,400

1,311,802