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

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Basic weighted average number of shares outstanding	37,599		38,266		37,842		38,136
Effect of dilutive securities:

Unvested restricted stock	570		623		670		653
Diluted average shares outstanding	38,169		38,889		38,512		38,789
Net earnings	$	90,678	$	50,828	$	161,830	$	76,240


Basic earnings per share	$	2.41	$	1.33	$	4.28	$	2.00
Diluted earnings per share	$	2.38	$	1.31	$	4.20	$	1.97