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

Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of basic and diluted income per share

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


	Three Months Ended March 31,
	2023		2022
Net income (in thousands)	$	135,870	$	114,711

Weighted average number of common shares outstanding - basic		31,550,658		32,738,525

Dilutive effect of common stock equivalents:
RSAs with service-based conditions		22,643		15,127
RSAs with market-based conditions		24,861		100,158
RSAs with performance-based conditions		29,031		64,025
Stock options		86,046		124,655

Weighted average number of common shares outstanding - diluted		31,713,239		33,042,490

Basic net income per common share	$	4.31	$	3.50

Diluted net income per common share	$	4.28	$	3.47

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,
	2023		2022
Anti-dilutive common stock equivalents:
RSAs with service-based conditions		11,163		10,244
RSAs with market-based conditions		8,933		382
RSAs with performance-based conditions		-		7,908
Stock options		22,280		16,587
Total anti-dilutive common stock equivalents		42,376		35,121