Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.21.2
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted EPS for the three and nine months ended September 30, 2021 and 2020:

Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
(dollars in thousands, except share and per share amounts)
Numerator
Net income (loss) attributable to Landsea Homes Corporation $ 10,797  $ 3,184  $ 14,387  $ (19,622)
Less: undistributed earnings allocated to participating shares (239) —  (315) — 
Net income (loss) attributable to common stockholders $ 10,558  $ 3,184  $ 14,072  $ (19,622)
Denominator
Weighted average common shares outstanding - basic 46,281,091  32,557,303  46,062,200  32,557,303 
Adjustment for weighted average participating shares outstanding (1,000,000) —  (985,185) — 
Adjusted weighted average common shares outstanding under two class method - basic 45,281,091  32,557,303  45,077,015  32,557,303 
Dilutive effect of warrants —  —  —  — 
Dilutive effect of share-based awards 48,800  —  69,537  — 
Adjusted weighted average common shares outstanding under two class method - diluted 45,329,891  32,557,303  45,146,552  32,557,303 
Earnings per share
Basic $ 0.23  $ 0.10  $ 0.31  $ (0.60)
Diluted $ 0.23  $ 0.10  $ 0.31  $ (0.60)