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

Annual report pursuant to Section 13 and 15(d)

Net Income Per Share (Tables)

Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Net Income Per Share

Schedule of basic and diluted income per share


		Years Ended December 31,
		2023			2022			2021
Net income (in thousands)		$	614,254		$	555,989		$	324,016

Weighted average number of common shares outstanding - basic			31,597,508			32,213,839			32,801,906

Dilutive effect of common stock equivalents:
RSAs with service-based conditions			30,368			15,199			21,130
RSAs with market-based conditions			37,519			59,561			127,723
RSAs with performance-based conditions			25,645			46,601			65,262
Stock options			85,861			105,205			130,150

Weighted average number of common shares outstanding - diluted			31,776,901			32,440,405			33,146,171

Basic net income per common share		$	19.44		$	17.26		$	9.88

Diluted net income per common share		$	19.33		$	17.14		$	9.78

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


		Year Ended December 31,
		2023			2022			2021
Anti-dilutive common stock equivalents:
RSAs with service-based conditions			-			14,882			1,206
RSAs with market-based conditions			3,876			157			6,926
RSAs with performance-based conditions			-			9,251			-
Stock options			504			21,006			19,121
Total anti-dilutive common stock equivalents			4,380			45,296			27,253