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

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2021

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Basic weighted average number of shares outstanding	37,647		37,607		37,703		37,763
Effect of dilutive securities:

Unvested restricted stock	582		798		582		728
Diluted average shares outstanding	38,229		38,405		38,285		38,491
Net earnings	$	200,752	$	109,118	$	499,984	$	270,948


Basic earnings per share	$	5.33	$	2.90	$	13.26	$	7.17
Diluted earnings per share	$	5.25	$	2.84	$	13.06	$	7.04