XML 25 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share
 3 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE

The following table sets forth the numerators and denominators used in the computation of basic and diluted earnings per share. Stock options to purchase 2.8 million shares of common stock were excluded from the computation of diluted earnings per share for the 2016 period because their effect would have been antidilutive.
 
 
Three Months Ended 
 December 31,
 
 
2017
 
2016
 
 
(In millions)
Numerator:
 
 
 
 
Net income attributable to D.R. Horton, Inc.
 
$
189.3

 
$
206.9

Denominator:
 
 
 
 
Denominator for basic earnings per share — weighted average common shares
 
375.8

 
373.3

Effect of dilutive securities:
 
 
 
 
Employee stock awards
 
8.0

 
4.1

Denominator for diluted earnings per share — adjusted weighted average common shares
 
383.8

 
377.4

 
 
 
 
 
Basic net income per common share attributable to D.R. Horton, Inc.
 
$
0.50

 
$
0.55

Diluted net income per common share attributable to D.R. Horton, Inc.
 
$
0.49

 
$
0.55