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

Note 8 - Earnings Per Share

6 Months Ended

Jun. 30, 2022

NOTE 8 — EARNINGS PER SHARE

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,*
	*2022*		*2021*		*2022*		*2021*
Basic weighted average number of shares outstanding		36,647		37,818		36,820		37,731
Effect of dilutive securities:
Unvested restricted stock		315		559		419		626
Diluted average shares outstanding		36,962		38,377		37,239		38,357
Net earnings	$	250,084	$	167,389	$	467,338	$	299,232
Basic earnings per share	$	6.82	$	4.43	$	12.69	$	7.93
Diluted earnings per share	$	6.77	$	4.36	$	12.55	$	7.80