Landsea Homes Corporation Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

The following table sets forth the computation of basic and diluted EPS for the years presented:


	Year Ended December 31,
	2022		2021		2020
	(in thousands, except share and per share amounts)
Numerator
Net income (loss) attributable to Landsea Homes Corporation	$	73,551	$	52,786	$	(8,951)
Less: undistributed earnings allocated to participating shares	(1,706)		(1,161)		—
Net income (loss) attributable to common stockholders	$	71,845	$	51,625	$	(8,951)

Denominator
Weighted average common shares outstanding - basic	43,052,696		46,193,166		32,557,303
Adjustment for weighted average participating shares outstanding	(1,000,000)		(994,444)		—

Adjusted weighted average common shares outstanding under two class method - basic	42,052,696		45,198,722		32,557,303

Dilutive effect of share-based awards	146,766		51,996		—
Adjusted weighted average common shares outstanding under two class method - diluted	42,199,462		45,250,718		32,557,303

Earnings (loss) per share
Basic	$	1.71	$	1.14	$	(0.27)
Diluted	$	1.70	$	1.14	$	(0.27)