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

Annual report pursuant to Section 13 and 15(d)

Income (Loss) Per Share (Tables)

Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of basic and diluted income (loss) per share

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


	Years Ended December 31,
	2016		2015		2014
Income from continuing operations	$	72,606	$	79,123	$	10,496
Loss from discontinued operations, net		—		(152)		(1,093)
Net income - basic and diluted	$	72,606	$	78,971	$	9,403

Weighted average number of common shares outstanding - basic		37,585,777		37,674,913		37,667,947

Dilutive effect of common stock equivalents:
RSAs with service-based conditions		192,705		93,688		—
RSAs with market-based conditions		28,307		—		—
RSAs with performance-based conditions		—		—		—
Stock options		60,423		12,274		—

Weighted average number of common shares outstanding - diluted		37,867,212		37,780,875		37,667,947

Basic income (loss) per common share:
Income from continuing operations	$	1.93	$	2.10	$	0.28
Loss from discontinued operations, net		—		—		(0.03)
Net income	$	1.93	$	2.10	$	0.25

Diluted income (loss) per common share:
Income from continuing operations	$	1.92	$	2.09	$	0.28
Loss from discontinued operations, net		—		—		(0.03)
Net income	$	1.92	$	2.09	$	0.25

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

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


	Years Ended December 31,
	2016		2015		2014
Anti-dilutive common stock equivalents:
RSAs with service-based conditions		35,182		17,366		—
RSAs with market-based conditions		6,323		—		—
RSAs with performance-based conditions		—		—		—
Stock options		432,287		127,872		—
Total anti-dilutive common stock equivalents:		473,792		145,238		—