Earnings Per Share (Tables)

3 Months Ended

Feb. 28, 2022

Schedule of Calculation of Numerator and Denominator In Earnings Per Share

Basic and diluted earnings per share were calculated as follows:


	Three Months Ended
	February 28,
(In thousands, except per share amounts)	2022		2021
Numerator:
Net earnings attributable to Lennar	$	503,581	1,001,369
Less: distributed earnings allocated to nonvested shares	780		630
Less: undistributed earnings allocated to nonvested shares	4,548		11,624
Numerator for basic earnings per share	498,253		989,115
Less: net amount attributable to Rialto's Carried Interest Incentive Plan (1)	1,798		553



Numerator for diluted earnings per share	$	496,455	988,562
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding	293,930		309,020



Denominator for diluted earnings per share - weighted average common shares outstanding	293,930		309,020
Basic earnings per share	$	1.70	3.20
Diluted earnings per share	$	1.69	3.20

(1)The amounts presented relate to Rialto's Carried Interest Incentive Plan and represent the difference between the advanced tax distributions received from the Rialto funds included in the Lennar Other segment and the amount Lennar is assumed to own.