Basic and diluted earnings per share were calculated as follows: | | | | | | | | | | | | | Three Months Ended | | February 28, | | (In thousands, except per share amounts) | 2022 | | 2021 | | Numerator: | | | | | Net earnings attributable to Lennar | $ | 503,581 | | | 1,001,369 | | | Less: distributed earnings allocated to nonvested shares | 780 | | | 630 | | | Less: undistributed earnings allocated to nonvested shares | 4,548 | | | 11,624 | | | Numerator for basic earnings per share | 498,253 | | | 989,115 | | | Less: net amount attributable to Rialto's Carried Interest Incentive Plan (1) | 1,798 | | | 553 | | |
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| Numerator for diluted earnings per share | $ | 496,455 | | | 988,562 | | | Denominator: | | | | | Denominator for basic earnings per share - weighted average common shares outstanding | 293,930 | | | 309,020 | | |
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| Denominator for diluted earnings per share - weighted average common shares outstanding | 293,930 | | | 309,020 | | | Basic earnings per share | $ | 1.70 | | | 3.20 | | | Diluted earnings per share | $ | 1.69 | | | 3.20 | |
(1)The amounts presented relate to Rialto's Carried Interest Incentive Plan and represent the difference between the advanced tax distributions received from the Rialto funds included in the Lennar Other segment and the amount Lennar is assumed to own.
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