TopBuild Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Net Income Per Share

Schedule of basic and diluted income per share


		Three Months Ended March 31,
		2024			2023
Net income (in thousands)		$	152,381		$	135,870

Weighted average number of common shares outstanding - basic			31,641,454			31,550,658

Dilutive effect of common stock equivalents:
RSAs with service-based conditions			41,832			22,643
RSAs with market-based conditions			50,955			24,861
RSAs with performance-based conditions			14,429			29,031
Stock options			95,148			86,046

Weighted average number of common shares outstanding - diluted			31,843,818			31,713,239

Basic net income per common share		$	4.82		$	4.31

Diluted net income per common share		$	4.79		$	4.28

Summary of shares excluded from the calculation of diluted income per share because their effect would have been anti-dilutive


		Three Months Ended March 31,
		2024			2023
Anti-dilutive common stock equivalents:
RSAs with service-based conditions			14			11,163
RSAs with market-based conditions			-			8,933
RSAs with performance-based conditions			-			-
Stock options			-			22,280
Total anti-dilutive common stock equivalents			14			42,376