Meritage Homes Corporation Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

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


	Years Ended December 31,
	2022		2021		2020
Basic weighted average number of shares outstanding	36,694		37,610		37,718
Effect of dilutive securities:
Unvested restricted stock	407		623		766
Diluted average shares outstanding	37,101		38,233		38,484
Net earnings	$	992,192	$	737,444	$	423,475
Basic earnings per share	$	27.04	$	19.61	$	11.23
Diluted earnings per share	$	26.74	$	19.29	$	11.00