v3.26.1
Note 13 - Per Share Calculation
 6 Months Ended
Apr. 30, 2026
Per Share Calculation  
Per Share Calculation

13.

Per Share Calculation

Basic and diluted earnings per share for the periods presented below were calculated as follows:

 

 

Three Months Ended

 

Six Months Ended

 

April 30,

 

April 30,

(In thousands, except per share data)

2026

 

2025

 

2026

 

2025

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to Hovnanian Enterprises, Inc.

$

(284)

 

$

19,726

 

$

20,575

 

$

47,917

Less: preferred stock dividends

 

(2,669)

 

 

(2,669)

 

 

(5,338)

 

 

(5,338)

Less: undistributed earnings allocated to participating securities

 

-

 

 

(144)

 

 

(4)

 

 

(350)

Numerator for basic (loss) earnings per share

$

(2,953)

 

$

16,913

 

$

15,233

 

$

42,229

Plus: undistributed earnings allocated to participating securities

 

-

 

 

144

 

 

4

 

 

350

Less: undistributed earnings reallocated to participating securities

 

-

 

 

(144)

 

 

(7)

 

 

(351)

Numerator for diluted (loss) earnings per share

$

(2,953)

 

$

16,913

 

$

15,230

 

$

42,228

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share – weighted average shares outstanding

 

6,416

 

 

6,411

 

 

6,453

 

 

6,464

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Stock-based payments

 

-

 

 

540

 

 

456

 

 

547

Denominator for diluted earnings per share – weighted-average shares outstanding

 

6,416

 

 

6,951

 

 

6,909

 

 

7,011

Basic (loss) earnings per share

$

(0.46)

 

$

2.64

 

$

2.36

 

$

6.53

Diluted (loss) earnings per share

$

(0.46)

 

$

2.43

 

$

2.20

 

$

6.02

 

For the three months ended April 30, 2026, there were 400 thousand incremental shares attributed to nonvested stock and outstanding options to purchase common stock. These shares were not included in the computation of diluted shares outstanding, because the effect would be anti-dilutive. There were no anti-dilutive shares for the six months ended April 30, 2026 and for the three and six months ended April 30, 2025.