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

Quarterly report pursuant to Section 13 or 15(d)

Income Per Share (Tables)

Income Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of basic and diluted income per share

Basic and diluted net income per share were computed as follows:


	Three Months Ended March 31,
	2021		2020
Net income (in thousands) - basic and diluted	$	59,842	$	50,771

Weighted average number of common shares outstanding - basic		32,826,515		33,168,453

Dilutive effect of common stock equivalents:
RSAs with service-based conditions		35,619		71,221
RSAs with market-based conditions		147,098		131,024
RSAs with performance-based conditions		49,020		49,778
Stock options		144,311		179,371

Weighted average number of common shares outstanding - diluted		33,202,563		33,599,847

Basic net income per common share	$	1.82	$	1.53

Diluted net income per common share	$	1.80	$	1.51

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

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


	Three Months Ended March 31,
	2021		2020
Anti-dilutive common stock equivalents:
RSAs with service-based conditions		2,831		5,271
RSAs with market-based conditions		5,512		8,341
RSAs with performance-based conditions		—		—
Stock options		11,766		32,067
Total anti-dilutive common stock equivalents		20,109		45,679