TopBuild Corp. Annual report pursuant to Section 13 and 15(d)

Income Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Basic and diluted income per share were computed as follows, in thousands, except share and per share amounts:


	Years Ended December 31,
	2018		2017		2016
Net income - basic and diluted	$	134,752	$	158,133	$	72,606

Weighted average number of common shares outstanding - basic		34,921,318		35,897,641		37,585,777

Dilutive effect of common stock equivalents:
RSAs with service-based conditions		151,324		221,497		192,705
RSAs with market-based conditions		238,313		185,069		28,307
RSAs with performance-based conditions		20,432		—		—
Stock options		281,932		267,939		60,423

Weighted average number of common shares outstanding - diluted		35,613,319		36,572,146		37,867,212

Basic income per common share	$	3.86	$	4.41	$	1.93

Diluted income per common share	$	3.78	$	4.32	$	1.92

The following table summarizes shares excluded from the calculation of diluted income per share because their effect would have been anti-dilutive:


	Years Ended December 31,
	2018		2017		2016
Anti-dilutive common stock equivalents:
RSAs with service-based conditions		5,192		458		35,182
RSAs with market-based conditions		7,498		—		6,323
RSAs with performance-based conditions		—		—		—
Stock options		72,515		45,308		432,287
Total anti-dilutive common stock equivalents		85,205		45,766		473,792