Earnings Per Share (Tables)

3 Months Ended

Feb. 28, 2023

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)	2023		2022
Numerator:
Net earnings attributable to Lennar	$	596,534	503,581
Less: distributed earnings allocated to nonvested shares	724		780
Less: undistributed earnings allocated to nonvested shares	5,895		4,548
Numerator for basic earnings per share	589,915		498,253
Less: net amount attributable to Rialto's Carried Interest Incentive Plan (1)	1,038		1,798



Numerator for diluted earnings per share	$	588,877	496,455
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding	286,074		293,930



Denominator for diluted earnings per share - weighted average common shares outstanding	286,074		293,930
Basic earnings per share	$	2.06	1.70
Diluted earnings per share	$	2.06	1.69

(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.