Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 513

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 513
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 repurchased 307,867 shares of our common stock for $30.8 million to be held as treasury stock, excluding the excise taxes accrued on our share repurchases as a result of the Inflation Reduction Act of 2022, and 892,916 shares of our common stock for $95.1 million to be held as treasury stock, respectively. During the year ended December 31, 2023, we did not repurchase any shares of our common stock. A total of 3,247,339 shares of our common stock has been repurchased since our stock repurchase program commenced. As of December 31, 2024, we may purchase up to $180.7 million of shares of our common stock under our stock repurchase program. Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2024, 2023 and 2022.

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For the Year Ended December 31,202420232022Numerator (in thousands): Net income (Numerator for basic and dilutive earnings per share)$196,071 $199,227 $326,567 Denominator:Basic weighted average shares outstanding23,529,724 23,507,136 23,486,465 Effect of dilutive securities:Stock-based compensation units80,733 141,412 244,305 Diluted weighted average shares outstanding23,610,457 23,648,548 23,730,770 Basic earnings per share$8.33 $8.48 $13.90 Diluted earnings per share$8.30 $8.42 $13.76 Antidilutive non-vested restricted stock units excluded from calculation of diluted earnings per share46,146 11,412 50,003 

9.    STOCK-BASED COMPENSATION

Non-performance Based Restricted Stock UnitsA total of 2,680,172 shares of our common stock have been reserved for issuance under the LGI Homes, Inc. Amended and Restated 2013 Equity Incentive Plan (the “2013 Incentive Plan”). There were 194,953 restricted stock units (“RSUs”) outstanding at December 31, 2024, issued at a $0.00 exercise price. The following table summarizes the activity of our time-vested RSUs:SharesWeighted Average Grant Date