Landsea Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity - (Unaudited)

Consolidated Statements of Equity - (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period of Adoption, Adjustment	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Additional paid-in capital	Additional paid-in capital Cumulative Effect, Period of Adoption, Adjustment	Additional paid-in capital Cumulative Effect, Period of Adoption, Adjusted Balance	Retained earnings	Retained earnings Cumulative Effect, Period of Adoption, Adjustment	Retained earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Noncontrolling interests	Noncontrolling interests Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling interests Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2020	32,600,000			1,000	32,556,303	32,557,303
Beginning balance at Dec. 31, 2020	$ 529,486	$ 0	$ 529,486	$ 0	$ 3	$ 3	$ 496,174	$ (3)	$ 496,171	$ 32,011	$ 0	$ 32,011	$ 1,301	$ 0	$ 1,301
Increase (Decrease) in Shareholders' Equity
Recapitalization transaction, net of fees and deferred taxes (in shares)				13,673,722
Recapitalization transaction, net of fees and deferred taxes	31,662			$ 2			31,660
Vesting of restricted stock units (in shares)				50,066
Vesting of restricted stock units	0
Stock-based compensation expense	4,056						4,056
Net income (loss)	14,346									14,387			(41)
Ending balance (in shares) at Sep. 30, 2021				46,281,091
Ending balance at Sep. 30, 2021	579,550			$ 5			531,887			46,398			1,260
Beginning balance (in shares) at Jun. 30, 2021				46,281,091
Beginning balance at Jun. 30, 2021	567,541			$ 5			530,660			35,601			1,275
Increase (Decrease) in Shareholders' Equity
Stock-based compensation expense	1,227						1,227
Net income (loss)	10,782									10,797			(15)
Ending balance (in shares) at Sep. 30, 2021				46,281,091
Ending balance at Sep. 30, 2021	$ 579,550			$ 5			531,887			46,398			1,260
Beginning balance (in shares) at Dec. 31, 2021	46,281,091			46,281,091
Beginning balance at Dec. 31, 2021	$ 621,397			$ 5			535,345			84,797			1,250
Ending balance (in shares) at Jun. 30, 2022				40,925,579
Ending balance at Jun. 30, 2022	$ 665,136			$ 4			496,170			112,797			56,165
Beginning balance (in shares) at Dec. 31, 2021	46,281,091			46,281,091
Beginning balance at Dec. 31, 2021	$ 621,397			$ 5			535,345			84,797			1,250
Increase (Decrease) in Shareholders' Equity
Shares issued under share based awards (in shares)				228,529
Cash paid for shares withheld for taxes	(848)						(848)
Stock-based compensation expense	2,780						2,780
Repurchase of common stock (in shares)				(5,559,577)
Repurchase of common stock	(40,200)			$ (1)			(40,199)
Contributions from noncontrolling interests	55,000												55,000
Distributions to noncontrolling interests	(3,072)												(3,072)
Net income (loss)	$ 49,196									47,970			1,226
Ending balance (in shares) at Sep. 30, 2022	40,950,043			40,950,043
Ending balance at Sep. 30, 2022	$ 684,253			$ 4			497,078			132,767			54,404
Beginning balance (in shares) at Jun. 30, 2022				40,925,579
Beginning balance at Jun. 30, 2022	665,136			$ 4			496,170			112,797			56,165
Increase (Decrease) in Shareholders' Equity
Shares issued under share based awards (in shares)				24,464
Stock-based compensation expense	908						908
Distributions to noncontrolling interests	(3,072)												(3,072)
Net income (loss)	$ 21,281									19,970			1,311
Ending balance (in shares) at Sep. 30, 2022	40,950,043			40,950,043
Ending balance at Sep. 30, 2022	$ 684,253			$ 4			$ 497,078			$ 132,767			$ 54,404