| Earnings Per Share |
Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the years presented:
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Year Ended December 31, |
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2024 |
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2023 |
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2022 |
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(in thousands, except share and per share amounts) |
| Numerator |
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| Net income attributable to Landsea Homes Corporation |
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$ |
17,231 |
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$ |
29,236 |
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$ |
73,551 |
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| Less: undistributed earnings allocated to participating shares |
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— |
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— |
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(1,706) |
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| Net income attributable to common stockholders |
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$ |
17,231 |
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$ |
29,236 |
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$ |
71,845 |
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| Denominator |
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| Weighted average common shares outstanding - basic |
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36,262,257 |
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38,885,003 |
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43,052,696 |
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| Adjustment for weighted average participating shares outstanding |
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— |
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— |
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(1,000,000) |
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| Adjusted weighted average common shares outstanding under two class method - basic |
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36,262,257 |
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38,885,003 |
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42,052,696 |
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| Dilutive effect of options |
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114,206 |
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— |
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— |
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| Dilutive effect of share-based awards |
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179,607 |
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191,319 |
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146,766 |
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| Adjusted weighted average common shares outstanding under two class method - diluted |
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36,556,070 |
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39,076,322 |
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42,199,462 |
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| Earnings per share |
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| Basic |
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$ |
0.48 |
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$ |
0.75 |
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$ |
1.71 |
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| Diluted |
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$ |
0.47 |
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$ |
0.75 |
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$ |
1.70 |
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The Company excluded 1.8 million, 2.2 million, and 2.1 million common stock equivalents from diluted EPS related to antidilutive warrants, options, and share-based awards during the years ended December 31, 2024, 2023, and 2022, respectively.
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