| Earnings Per Share |
Earnings Per Share The following table sets forth the computation of basic and diluted EPS for the years presented:
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Year Ended December 31, |
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2022 |
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2021 |
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2020 |
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(in thousands, except share and per share amounts) |
| Numerator |
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| Net income (loss) attributable to Landsea Homes Corporation |
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$ |
73,551 |
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$ |
52,786 |
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$ |
(8,951) |
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| Less: undistributed earnings allocated to participating shares |
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(1,706) |
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(1,161) |
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— |
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| Net income (loss) attributable to common stockholders |
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$ |
71,845 |
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$ |
51,625 |
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$ |
(8,951) |
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| Denominator |
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| Weighted average common shares outstanding - basic |
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43,052,696 |
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46,193,166 |
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32,557,303 |
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| Adjustment for weighted average participating shares outstanding |
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(1,000,000) |
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(994,444) |
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— |
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| Adjusted weighted average common shares outstanding under two class method - basic |
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42,052,696 |
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45,198,722 |
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32,557,303 |
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| Dilutive effect of share-based awards |
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146,766 |
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51,996 |
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— |
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| Adjusted weighted average common shares outstanding under two class method - diluted |
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42,199,462 |
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45,250,718 |
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32,557,303 |
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| Earnings (loss) per share |
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| Basic |
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$ |
1.71 |
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$ |
1.14 |
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$ |
(0.27) |
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| Diluted |
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$ |
1.70 |
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$ |
1.14 |
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$ |
(0.27) |
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