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, 2019

Income Per Share

Schedule of basic and diluted income per share

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


		Three Months Ended March 31,
		2019			2018
Net income - basic and diluted		$	37,983		$	26,388

Weighted average number of common shares outstanding - basic			34,169,315			35,059,920

Dilutive effect of common stock equivalents:
RSAs with service-based conditions			92,081			183,123
RSAs with market-based conditions			180,032			229,722
RSAs with performance-based conditions			35,989			—
Stock options			225,872			346,477

Weighted average number of common shares outstanding - diluted			34,703,289			35,819,242

Basic income per common share		$	1.11		$	0.75

Diluted income per common share		$	1.09		$	0.74

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,
		2019			2018
Anti-dilutive common stock equivalents:
RSAs with service-based conditions			14,706			275
RSAs with market-based conditions			19,701			—
RSAs with performance-based conditions			—			—
Stock options			123,688			35,205
Total anti-dilutive common stock equivalents			158,095			35,480