Meritage Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):


	Three Months Ended March 31,
	2020		2019
Basic weighted average number of shares outstanding	38,085		38,215
Effect of dilutive securities:

Unvested restricted stock	732		634
Diluted average shares outstanding	38,817		38,849
Net earnings	$	71,152	$	25,412


Basic earnings per share	$	1.87	$	0.66
Diluted earnings per share	$	1.83	$	0.65