Landsea Homes Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the years presented:


	Year Ended December 31,
	2024		2023		2022
	(in thousands, except share and per share amounts)
Numerator
Net income attributable to Landsea Homes Corporation	$	17,231	$	29,236	$	73,551
Less: undistributed earnings allocated to participating shares	—		—		(1,706)
Net income attributable to common stockholders	$	17,231	$	29,236	$	71,845

Denominator
Weighted average common shares outstanding - basic	36,262,257		38,885,003		43,052,696
Adjustment for weighted average participating shares outstanding	—		—		(1,000,000)

Adjusted weighted average common shares outstanding under two class method - basic	36,262,257		38,885,003		42,052,696

Dilutive effect of options	114,206		—		—
Dilutive effect of share-based awards	179,607		191,319		146,766
Adjusted weighted average common shares outstanding under two class method - diluted	36,556,070		39,076,322		42,199,462

Earnings per share
Basic	$	0.48	$	0.75	$	1.71
Diluted	$	0.47	$	0.75	$	1.70